Forex Trend Analysis Report
Prepared for you on Friday, January 28, 2022.
Swedish Krona/New Zealand Dollar (FOREX:SEKNZD)
Long-Term Downtrend (-90) - SEKNZD is in a strong downtrend that is likely to continue. While SEKNZD 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 SEKNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKNZD
The long-term trend has been DOWN since Aug 11th, 2021 at 0.1630590
The intermediate-term trend has been DOWN since Jan 20th, 2022 at 0.1607115
The short-term trend has been DOWN since Jan 17th, 2022 at 0.1626045
Smart Scan Analysis for SEKNZD
Based on our trend formula, SEKNZD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).