Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Chinese Yuan Renminbi/Swedish Krona (FOREX:CNYSEK)
Strong Downtrend (-100) - CNYSEK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CNYSEK continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for CNYSEK
The long-term trend has been DOWN since Nov 15th, 2023 at 1.4764864
The intermediate-term trend has been DOWN since Nov 6th, 2023 at 1.5172873
The short-term trend has been DOWN since Dec 7th, 2023 at 1.4668361
Smart Scan Analysis for CNYSEK
Based on our trend formula, CNYSEK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).