Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
US Dollar/Swedish Krona (FOREX:USDSEK)
Strong Uptrend (+100) - USDSEK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDSEK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for USDSEK
The long-term trend has been UP since Nov 16th, 2021 at 8.854360
The intermediate-term trend has been UP since Aug 16th, 2022 at 10.357225
The short-term trend has been UP since Aug 12th, 2022 at 10.183600
Smart Scan Analysis for USDSEK
Based on our trend formula, USDSEK is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).