Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
US Dollar/Swedish Krona (FOREX:USDSEK)
Sidelines Mode (+55) - USDSEK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Aug 11th, 2021 at 8.73415
The intermediate-term trend has been DOWN since Oct 14th, 2021 at 8.61703
The short-term trend has been UP since Oct 24th, 2021 at 8.62718
Smart Scan Analysis for USDSEK
Based on our trend formula, USDSEK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).