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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.

FOREX_SEKCNH
Open High Low SEKCNH Price Change
0.66575 0.66575 0.66575 0.66575 0.00000
Entry Signal

MarketClub’s Trade Triangles for SEKCNH

long term down The long-term trend has been DOWN since Mar 11th, 2021 at 0.7685

intermediate term up The intermediate-term trend has been UP since Aug 8th, 2022 at 0.6650

short term up 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).

+50
Smart Scan Analysis for SEKCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.66575 0.66575 0.66575 0.66575 0.00000
Prev. Close Volume Bid Ask Time
0.66575 2022-08-08 14:35:49
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