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Forex Trend Analysis Report

Prepared for you on Thursday, August 18, 2022.

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
12.52010 12.58325 12.50500 12.53900 +0.01890
Entry Signal

MarketClub’s Trade Triangles for GBPSEK

long term down The long-term trend has been DOWN since Jul 21st, 2022 at 12.1527

intermediate term up The intermediate-term trend has been UP since Aug 16th, 2022 at 12.5106

short term up The short-term trend has been UP since Aug 12th, 2022 at 12.3140

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
12.52010 12.58325 12.50500 12.53900 +0.01890
Prev. Close Volume Bid Ask Time
12.52010 2022-08-18 22:52:21
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