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Forex Trend Analysis Report

Prepared for you on Wednesday, January 26, 2022.

Swedish Krona/Danish Krone (FOREX:SEKDKK)

Strong Downtrend (-100) - SEKDKK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SEKDKK continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SEKDKK?

MarketClub looks at technical strength and momentum to determine if the timing is right for SEKDKK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SEKDKK
Open High Low SEKDKK Price Change
0.711065 0.713665 0.710375 0.711875 +0.000810
Entry Signal

MarketClub’s Trade Triangles for SEKDKK

long term down The long-term trend has been DOWN since Nov 26th, 2021 at 0.719900

intermediate term down The intermediate-term trend has been DOWN since Jan 18th, 2022 at 0.718155

short term down The short-term trend has been DOWN since Jan 17th, 2022 at 0.721820

Smart Scan Analysis for SEKDKK

Based on our trend formula, SEKDKK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for SEKDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.711065 0.713665 0.710375 0.711875 +0.000810
Prev. Close Volume Bid Ask Time
0.711065 2022-01-26 10:27:34
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