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.
MarketClub’s Trade Triangles for CHFSEK
The long-term trend has been DOWN since May 29th, 2020 at 9.81985
The intermediate-term trend has been DOWN since Apr 14th, 2021 at 9.17040
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).