Forex Trend Analysis Report
Prepared for you on Wednesday, October 28, 2020.
Swedish Krona/Swiss Franc (FOREX:SEKCHF)
Bull Market Weakness (+75) - SEKCHF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SEKCHF as it may be in the beginning stages of a reversal.
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 UP since May 29th, 2020 at 10.18240
The intermediate-term trend has been UP since Oct 20th, 2020 at 10.38915
The short-term trend has been UP since Oct 27th, 2020 at 10.39065
Smart Scan Analysis for SEKCHF
Based on our trend formula, SEKCHF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).