Forex Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
Singapore Dollar/Swedish Krona (FOREX:SGDSEK)
Strong Downtrend (-100) - SGDSEK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SGDSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SGDSEK
The long-term trend has been DOWN since May 28th, 2020 at 6.726062
The intermediate-term trend has been DOWN since Apr 28th, 2020 at 6.995117
The short-term trend has been DOWN since May 27th, 2020 at 6.774194
Smart Scan Analysis for SGDSEK
Based on our trend formula, SGDSEK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).