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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.
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MarketClub’s Trade Triangles for GBPSEK
The long-term trend has been DOWN since Jul 21st, 2022 at 12.1527
The intermediate-term trend has been UP since Aug 16th, 2022 at 12.5106
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).
| 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 |