Forex Trend Analysis Report
Prepared for you on Sunday, August 1, 2021.
Swedish Krona/Swiss Franc (FOREX:SEKCHF)
Long-Term Downtrend (-90) - SEKCHF is in a strong downtrend that is likely to continue. While SEKCHF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SEKCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKCHF
The long-term trend has been DOWN since Jun 16th, 2021 at 10.7300
The intermediate-term trend has been DOWN since Jun 16th, 2021 at 10.7600
The short-term trend has been DOWN since Jul 29th, 2021 at 10.5603
Smart Scan Analysis for SEKCHF
Based on our trend formula, SEKCHF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).