Forex Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
British Pound/Swedish Krona (FOREX:GBPSEK)
Sidelines Mode (-55) - GBPSEK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPSEK
The long-term trend has been DOWN since Mar 13th, 2020 at 11.9453
The intermediate-term trend has been DOWN since Feb 28th, 2020 at 12.3955
The short-term trend has been UP since Mar 26th, 2020 at 12.1856
Smart Scan Analysis for GBPSEK
Based on our trend formula, GBPSEK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).