Forex Trend Analysis Report
Prepared for you on Wednesday, December 1, 2021.
Swedish Krona/Ugandan Shilling (FOREX:SEKUGX)
Long-Term Downtrend (-90) - SEKUGX is in a strong downtrend that is likely to continue. While SEKUGX 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 SEKUGX?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKUGX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKUGX
The long-term trend has been DOWN since Nov 24th, 2021 at 399.91748
The intermediate-term trend has been DOWN since Nov 11th, 2021 at 413.92492
The short-term trend has been DOWN since Oct 26th, 2021 at 414.84422
Smart Scan Analysis for SEKUGX
Based on our trend formula, SEKUGX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).