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.
MarketClub’s Trade Triangles for GBPSEK
The long-term trend has been UP since Jan 17th, 2023 at 12.8222
The intermediate-term trend has been DOWN since Sep 20th, 2023 at 13.7210
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).