Forex Trend Analysis Report
Prepared for you on Tuesday, June 22, 2021.
Swedish Krona/Czech Koruna (FOREX:SEKCZK)
Long-Term Downtrend (-90) - SEKCZK is in a strong downtrend that is likely to continue. While SEKCZK 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 SEKCZK?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKCZK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKCZK
The long-term trend has been DOWN since Feb 2nd, 2021 at 2.5481350
The intermediate-term trend has been DOWN since Jun 18th, 2021 at 2.4986130
The short-term trend has been DOWN since Jun 16th, 2021 at 2.5151758
Smart Scan Analysis for SEKCZK
Based on our trend formula, SEKCZK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).