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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

Swedish Krona/Polish New Zloty (FOREX:SEKPLN)

Sidelines Mode (-55) - SEKPLN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_SEKPLN
Open High Low SEKPLN Price Change
0.367415 0.368370 0.366995 0.368170 +0.000755
Entry Signal

MarketClub’s Trade Triangles for SEKPLN

long term down The long-term trend has been DOWN since Dec 3rd, 2023 at 0.374075

intermediate term down The intermediate-term trend has been DOWN since Apr 30th, 2024 at 0.367790

short term up The short-term trend has been UP since May 21st, 2024 at 0.367040

Smart Scan Analysis for SEKPLN

Based on our trend formula, SEKPLN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SEKPLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.367415 0.368370 0.366995 0.368170 +0.000755
Prev. Close Volume Bid Ask Time
0.367415 2024-05-23 06:10:07
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