Forex Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
British Pound/Swedish Krona (FOREX:GBPSEK)
Weak Downtrend (-65) - GBPSEK is showing signs of a strengthening downtrend. Monitor GBPSEK as it may be building momentum to the downside.
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 Apr 28th, 2020 at 12.2793
The short-term trend has been DOWN since Aug 5th, 2020 at 11.3773
Smart Scan Analysis for GBPSEK
Based on our trend formula, GBPSEK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).