Forex Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
Swedish Krona/Chinese Yuan Renminbi Offshore (FOREX:SEKCNH)
Bear Market Rally (-75) - SEKCNH is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SEKCNH as it may be in the beginning of a reversal.
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 Feb 13th, 2020 at 0.72500
The intermediate-term trend has been DOWN since Feb 10th, 2020 at 0.72585
The short-term trend has been UP since Feb 21st, 2020 at 0.72350
Smart Scan Analysis for SEKCNH
Based on our trend formula, SEKCNH is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).