Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
Chinese Yuan Renminbi/Swedish Krona (FOREX:CNYSEK)
Countertrend Up (+85) - CNYSEK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid CNYSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CNYSEK
The long-term trend has been UP since Mar 27th, 2024 at 1.4955752
The intermediate-term trend has been UP since Mar 18th, 2024 at 1.4640673
The short-term trend has been DOWN since Apr 22nd, 2024 at 1.5332301
Smart Scan Analysis for CNYSEK
Based on our trend formula, CNYSEK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.5325266 | 1.5350450 | 1.5220270 | 1.5239269 | -0.0086000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.5325266 | 2024-04-23 20:13:33 |