Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Swedish Krona/Chinese Yuan Renminbi Offshore (FOREX:SEKCNH)
Bear Market Rally (-75) - SEKCNH is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SEKCNH as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SEKCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKCNH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for SEKCNH
The long-term trend has been DOWN since Apr 22nd, 2024 at 0.6865
The intermediate-term trend has been UP since May 8th, 2024 at 0.6655
The short-term trend has been DOWN since Mar 27th, 2024 at 0.6900
Smart Scan Analysis for SEKCNH
Based on our trend formula, SEKCNH is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.6725 | 0.6725 | 0.6725 | 0.6725 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.6623 | 2024-05-08 15:35:31 |