Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Singapore Dollar/Swedish Krona (FOREX:SGDSEK)
Sidelines Mode (+55) - SGDSEK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SGDSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SGDSEK
The long-term trend has been DOWN since May 28th, 2020 at 6.7260620
The intermediate-term trend has been UP since Feb 28th, 2021 at 6.3386913
The short-term trend has been DOWN since Mar 3rd, 2021 at 6.2944299
Smart Scan Analysis for SGDSEK
Based on our trend formula, SGDSEK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).