Forex Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
Swedish Krona/Japanese Yen (FOREX:SEKJPY)
Crossroads (-60) - SEKJPY is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SEKJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKJPY
The long-term trend has been UP since Mar 5th, 2023 at 13.3955
The intermediate-term trend has been DOWN since Dec 3rd, 2023 at 13.8770
The short-term trend has been DOWN since Nov 27th, 2023 at 14.2030
Smart Scan Analysis for SEKJPY
Based on our trend formula, SEKJPY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).