Forex Trend Analysis Report
Prepared for you on Thursday, September 24, 2020.
New Zealand Dollar/Swedish Krona (FOREX:NZDSEK)
Sidelines Mode (+55) - NZDSEK 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 NZDSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NZDSEK
The long-term trend has been DOWN since Feb 27th, 2020 at 6.1020
The intermediate-term trend has been UP since Aug 31st, 2020 at 5.8330
The short-term trend has been DOWN since Sep 21st, 2020 at 5.8952
Smart Scan Analysis for NZDSEK
Based on our trend formula, NZDSEK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).