Forex Trend Analysis Report
Prepared for you on Monday, January 17, 2022.
Swedish Krona/Norwegian Krone (FOREX:SEKNOK)
Bear Market Rally (-75) - SEKNOK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SEKNOK as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SEKNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKNOK
The long-term trend has been DOWN since Sep 22nd, 2021 at 0.9960221
The intermediate-term trend has been UP since Jan 14th, 2022 at 0.9972078
The short-term trend has been DOWN since Jan 17th, 2022 at 0.9670000
Smart Scan Analysis for SEKNOK
Based on our trend formula, SEKNOK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).