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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.

FOREX_GBPSEK
Open High Low GBPSEK Price Change
11.34980 11.42355 11.32730 11.42025 +0.07045
Entry Signal

MarketClub’s Trade Triangles for GBPSEK

long term down The long-term trend has been DOWN since Mar 13th, 2020 at 11.9453

intermediate term down The intermediate-term trend has been DOWN since Apr 28th, 2020 at 12.2793

short term down 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).

-70
Smart Scan Analysis for GBPSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.34980 11.42355 11.32730 11.42025 +0.07045
Prev. Close Volume Bid Ask Time
11.34980 11.41830 11.42220 2020-08-14 07:49:47
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