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Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
US Dollar/Swedish Krona (FOREX:USDSEK)
Weak Downtrend (-65) - USDSEK is showing signs of a strengthening downtrend. Monitor USDSEK as it may be building momentum to the downside.
Is it time to buy, sell, or avoid USDSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for USDSEK
The long-term trend has been UP since Feb 18th, 2020 at 9.76465
The intermediate-term trend has been DOWN since Apr 28th, 2020 at 9.90060
The short-term trend has been DOWN since May 12th, 2020 at 9.73313
Smart Scan Analysis for USDSEK
Based on our trend formula, USDSEK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.37371 | 9.38880 | 9.33774 | 9.34358 | -0.03013 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.37371 | 9.34208 | 9.34508 | 2020-06-02 05:44:39 |