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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Chinese Yuan Renminbi/Swedish Krona (FOREX:CNYSEK)

Crossroads (+60) - CNYSEK is struggling to move into a solid trend. Beware of choppy markets 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
1.5228720 1.5230549 1.5144768 1.5171124 -0.0057600
Entry Signal

MarketClub’s Trade Triangles for CNYSEK

long term up The long-term trend has been UP since Oct 31st, 2024 at 1.5040591

intermediate term down The intermediate-term trend has been DOWN since Dec 25th, 2024 at 1.4932791

short term down The short-term trend has been DOWN since Dec 25th, 2024 at 1.5079176

Smart Scan Analysis for CNYSEK

Based on our trend formula, CNYSEK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CNYSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5228720 1.5230549 1.5144768 1.5171124 -0.0057600
Prev. Close Volume Bid Ask Time
1.5228720 2024-12-26 09:12:37
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