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Forex Trend Analysis Report

Prepared for you on Monday, March 30, 2020.

British Pound/Swedish Krona (FOREX:GBPSEK)

Sidelines Mode (-55) - GBPSEK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
12.31770 12.38445 12.26230 12.35540 +0.03770
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 Feb 28th, 2020 at 12.3955

short term up The short-term trend has been UP since Mar 26th, 2020 at 12.1856

Smart Scan Analysis for GBPSEK

Based on our trend formula, GBPSEK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for GBPSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.31770 12.38445 12.26230 12.35540 +0.03770
Prev. Close Volume Bid Ask Time
12.31770 12.35040 12.36040 2020-03-30 07:01:30
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