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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Chinese Yuan Renminbi/Swedish Krona (FOREX:CNYSEK)
Strong Uptrend (+100) - CNYSEK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNYSEK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
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MarketClub’s Trade Triangles for CNYSEK
The long-term trend has been UP since Mar 27th, 2024 at 1.4955752
The intermediate-term trend has been UP since Mar 18th, 2024 at 1.4640673
The short-term trend has been UP since Apr 10th, 2024 at 1.5028116
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.5489210 | 1.5495958 | 1.5354910 | 1.5389261 | -0.0099950 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.5489210 | 2024-04-19 16:19:10 |