Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, July 15, 2024.

Swedish Krona/Rwandan Franc (FOREX:SEKRWF)

Sidelines Mode (-50) - SEKRWF is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until SEKRWF can gain momentum.

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

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

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

FOREX_SEKRWF
Open High Low SEKRWF Price Change
124.06294 125.27211 124.06294 125.24317 +1.18023
Entry Signal

MarketClub’s Trade Triangles for SEKRWF

long term up The long-term trend has been UP since Jun 13th, 2024 at 125.35071

intermediate term down The intermediate-term trend has been DOWN since Jun 27th, 2024 at 123.55841

short term down The short-term trend has been DOWN since Jul 9th, 2024 at 124.22377

Smart Scan Analysis for SEKRWF

Based on our trend formula, SEKRWF is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for SEKRWF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
124.06294 125.27211 124.06294 125.24317 +1.18023
Prev. Close Volume Bid Ask Time
124.11834 2024-07-11 21:07:05
Get a free daily analysis and signals for Swedish Krona/Rwandan Franc (SEKRWF) - Request Your Free Report.