Forex Trend Analysis Report
Prepared for you on Wednesday, October 27, 2021.
Chinese Yuan Renminbi/Swedish Krona (FOREX:CNYSEK)
Weak Uptrend (+65) - CNYSEK is showing signs of weakening momentum to the upside. Monitor CNYSEK as it may be in the beginning stages of a reversal.
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 UP since Aug 17th, 2021 at 1.3481053
The intermediate-term trend has been UP since Sep 19th, 2021 at 1.3423994
The short-term trend has been DOWN since Oct 27th, 2021 at 1.3405855
Smart Scan Analysis for CNYSEK
Based on our trend formula, CNYSEK is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).