Forex Trend Analysis Report
Prepared for you on Sunday, May 16, 2021.
US Dollar/Swedish Krona (FOREX:USDSEK)
Weak Downtrend (-65) - USDSEK is showing signs of a strengthening downtrend. Monitor USDSEK as it may be building momentum to the downside.
Is it time to buy, sell, or avoid USDSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDSEK
The long-term trend has been UP since Mar 5th, 2021 at 8.56151
The intermediate-term trend has been DOWN since Apr 14th, 2021 at 8.48519
The short-term trend has been DOWN since May 14th, 2021 at 8.29625
Smart Scan Analysis for USDSEK
Based on our trend formula, USDSEK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).