Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
US Dollar/Swedish Krona (FOREX:USDSEK)
Long-Term Uptrend (+90) - USDSEK is in a strong uptrend that is likely to continue. While USDSEK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Mar 5th, 2021 at 8.56151
The intermediate-term trend has been UP since Mar 1st, 2021 at 8.44694
The short-term trend has been UP since Mar 4th, 2021 at 8.49315
Smart Scan Analysis for USDSEK
Based on our trend formula, USDSEK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).