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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Swedish Krona/Chinese Yuan Renminbi (FOREX:SEKCNY)

Weak Downtrend (-65) - SEKCNY is showing signs of a strengthening downtrend. Monitor SEKCNY as it may be building momentum to the downside.

Is it time to buy, sell, or avoid SEKCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for SEKCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SEKCNY
Open High Low SEKCNY Price Change
0.65131224 0.65144454 0.64893928 0.65095755 -0.00035500
Entry Signal

MarketClub’s Trade Triangles for SEKCNY

long term down The long-term trend has been DOWN since Mar 27th, 2024 at 0.66864020

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2024 at 0.68302990

short term down The short-term trend has been DOWN since May 7th, 2024 at 0.65072012

Smart Scan Analysis for SEKCNY

Based on our trend formula, SEKCNY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SEKCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.65131224 0.65144454 0.64893928 0.65095755 -0.00035500
Prev. Close Volume Bid Ask Time
0.65131224 2024-05-09 00:55:15
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