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Forex Trend Analysis Report

Prepared for you on Tuesday, June 25, 2024.

Swedish Krona/Chinese Yuan Renminbi Offshore (FOREX:SEKCNH)

Countertrend Up (+85) - SEKCNH is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_SEKCNH
Open High Low SEKCNH Price Change
0.6952601 0.6966798 0.6929576 0.6941036 -0.0011570
Entry Signal

MarketClub’s Trade Triangles for SEKCNH

long term up The long-term trend has been UP since Jun 12th, 2024 at 0.7035000

intermediate term up The intermediate-term trend has been UP since May 21st, 2024 at 0.6725000

short term down The short-term trend has been DOWN since Jun 21st, 2024 at 0.6921673

Smart Scan Analysis for SEKCNH

Based on our trend formula, SEKCNH is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SEKCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.6952601 0.6966798 0.6929576 0.6941036 -0.0011570
Prev. Close Volume Bid Ask Time
0.6952601 2024-06-25 17:39:39
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