Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

Swedish Krona/Norwegian Krone (FOREX:SEKNOK)

Long-Term Downtrend (-90) - SEKNOK is in a strong downtrend that is likely to continue. While SEKNOK 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 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.

FOREX_SEKNOK
Open High Low SEKNOK Price Change
1.0236350 1.0255411 1.0131400 1.0152800 -0.0083550
Entry Signal

MarketClub’s Trade Triangles for SEKNOK

long term down The long-term trend has been DOWN since Jan 6th, 2021 at 1.0282844

intermediate term down The intermediate-term trend has been DOWN since Jan 6th, 2021 at 1.0320994

short term down The short-term trend has been DOWN since Feb 24th, 2021 at 1.0194633

Smart Scan Analysis for SEKNOK

Based on our trend formula, SEKNOK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SEKNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0236350 1.0255411 1.0131400 1.0152800 -0.0083550
Prev. Close Volume Bid Ask Time
1.0236350 2021-03-01 15:24:15
Get a free daily analysis and signals for Swedish Krona/Norwegian Krone (SEKNOK) - Request Your Free Report.