Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
Euro/Swedish Krona (FOREX:EURSEK)
Sidelines Mode (-50) - EURSEK is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURSEK can gain momentum.
Is it time to buy, sell, or avoid EURSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURSEK
The long-term trend has been UP since Apr 1st, 2021 at 10.268915
The intermediate-term trend has been DOWN since Apr 15th, 2021 at 9.168500
The short-term trend has been DOWN since Apr 15th, 2021 at 9.169500
Smart Scan Analysis for EURSEK
Based on our trend formula, EURSEK is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).