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Forex Trend Analysis Report

Prepared for you on Friday, May 7, 2021.

Swiss Franc/Swedish Krona (FOREX:CHFSEK)

Bear Market Rally (-75) - CHFSEK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CHFSEK as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid CHFSEK?

MarketClub looks at technical strength and momentum to determine if the timing is right for CHFSEK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CHFSEK
Open High Low CHFSEK Price Change
9.28620 9.28940 9.22145 9.22925 -0.05695
Entry Signal

MarketClub’s Trade Triangles for CHFSEK

long term down The long-term trend has been DOWN since May 29th, 2020 at 9.81985

intermediate term down The intermediate-term trend has been DOWN since Apr 14th, 2021 at 9.17040

short term down The short-term trend has been DOWN since Apr 14th, 2021 at 9.22296

Smart Scan Analysis for CHFSEK

Based on our trend formula, CHFSEK is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for CHFSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.28620 9.28940 9.22145 9.22925 -0.05695
Prev. Close Volume Bid Ask Time
9.28620 2021-05-07 17:13:31
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