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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

Chinese Yuan Renminbi/Swedish Krona (FOREX:CNYSEK)

Sidelines Mode (+55) - CNYSEK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_CNYSEK
Open High Low CNYSEK Price Change
1.5087306 1.5142477 1.4981747 1.5018238 -0.0069070
Entry Signal

MarketClub’s Trade Triangles for CNYSEK

long term up The long-term trend has been UP since Feb 6th, 2023 at 1.5656837

intermediate term up The intermediate-term trend has been UP since Mar 7th, 2023 at 1.5338485

short term down The short-term trend has been DOWN since Mar 14th, 2023 at 1.5341333

Smart Scan Analysis for CNYSEK

Based on our trend formula, CNYSEK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CNYSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5087306 1.5142477 1.4981747 1.5018238 -0.0069070
Prev. Close Volume Bid Ask Time
1.5087306 2023-03-21 17:13:01
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