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Forex Trend Analysis Report

Prepared for you on Sunday, October 1, 2023.

British Pound/Swedish Krona (FOREX:GBPSEK)

Crossroads (-60) - GBPSEK is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_GBPSEK
Open High Low GBPSEK Price Change
13.32000 13.34425 13.30975 13.32160 +0.00160
Entry Signal

MarketClub’s Trade Triangles for GBPSEK

long term up The long-term trend has been UP since Jan 17th, 2023 at 12.8222

intermediate term down The intermediate-term trend has been DOWN since Sep 20th, 2023 at 13.7210

short term down The short-term trend has been DOWN since Sep 18th, 2023 at 13.8145

Smart Scan Analysis for GBPSEK

Based on our trend formula, GBPSEK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for GBPSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.32000 13.34425 13.30975 13.32160 +0.00160
Prev. Close Volume Bid Ask Time
13.32000 2023-10-01 22:20:26
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