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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.

FOREX_USDSEK
Open High Low USDSEK Price Change
8.33885 8.33885 8.33885 8.33885 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDSEK

long term up The long-term trend has been UP since Mar 5th, 2021 at 8.56151

intermediate term down The intermediate-term trend has been DOWN since Apr 14th, 2021 at 8.48519

short term down 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).

-70
Smart Scan Analysis for USDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.33885 8.33885 8.33885 8.33885 0.00000
Prev. Close Volume Bid Ask Time
8.33885 2021-05-16 04:36:03
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