Forex Trend Analysis Report
Prepared for you on Sunday, March 7, 2021.
Swedish Krona/US Dollar (FOREX:SEKUSD)
Crossroads (-60) - SEKUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SEKUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKUSD
The long-term trend has been UP since Jun 2nd, 2020 at 0.10742315
The intermediate-term trend has been DOWN since Mar 1st, 2021 at 0.11839784
The short-term trend has been DOWN since Mar 4th, 2021 at 0.11772961
Smart Scan Analysis for SEKUSD
Based on our trend formula, SEKUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).