Forex Trend Analysis Report
Prepared for you on Monday, August 8, 2022.
Swedish Krona/Chinese Yuan Renminbi Offshore (FOREX:SEKCNH)
Sidelines Mode (+50) - SEKCNH is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until SEKCNH can gain momentum.
Is it time to buy, sell, or avoid SEKCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKCNH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SEKCNH
The long-term trend has been DOWN since Mar 11th, 2021 at 0.7685
The intermediate-term trend has been UP since Aug 8th, 2022 at 0.6650
The short-term trend has been UP since Aug 8th, 2022 at 0.6650
Smart Scan Analysis for SEKCNH
Based on our trend formula, SEKCNH is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).