Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Swedish Krona/Chinese Yuan Renminbi Offshore (FOREX:SEKCNH)
Strong Uptrend (+100) - SEKCNH is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SEKCNH 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 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 UP since May 20th, 2020 at 0.741
The intermediate-term trend has been UP since Apr 29th, 2020 at 0.714
The short-term trend has been UP since May 28th, 2020 at 0.743
Smart Scan Analysis for SEKCNH
Based on our trend formula, SEKCNH is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).