Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 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 Oct 31st, 2024 at 1.5040591
The intermediate-term trend has been UP since Oct 1st, 2024 at 1.4634853
The short-term trend has been DOWN since Nov 18th, 2024 at 1.5119231
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 |
|---|---|---|---|---|
| 1.5087892 | 1.5122732 | 1.5075826 | 1.5116306 | +0.0028410 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.5087892 | 2024-11-20 03:28:51 |