Forex Trend Analysis Report
Prepared for you on Tuesday, March 2, 2021.
US Dollar/Swedish Krona (FOREX:USDSEK)
Crossroads (+60) - USDSEK 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 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 DOWN since Jun 2nd, 2020 at 9.31000
The intermediate-term trend has been UP since Mar 1st, 2021 at 8.44694
The short-term trend has been UP since Feb 26th, 2021 at 8.34463
Smart Scan Analysis for USDSEK
Based on our trend formula, USDSEK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).