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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

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.

FOREX_CNYSEK
Open High Low CNYSEK Price Change
1.4380711 1.4388644 1.4358521 1.4365776 -0.0014940
Entry Signal

MarketClub’s Trade Triangles for CNYSEK

long term down The long-term trend has been DOWN since Jun 7th, 2024 at 1.4337142

intermediate term down The intermediate-term trend has been DOWN since May 14th, 2024 at 1.5208584

short term down The short-term trend has been DOWN since Jun 18th, 2024 at 1.4431402

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).

-100
Smart Scan Analysis for CNYSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4380711 1.4388644 1.4358521 1.4365776 -0.0014940
Prev. Close Volume Bid Ask Time
1.4380711 2024-06-19 04:10:43
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