Forex Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
Swedish Krona/Chinese Yuan Renminbi Offshore (FOREX:SEKCNH)
Strong Downtrend (-100) - SEKCNH is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SEKCNH continues to fall. Traders should use caution and set stops.
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 6th, 2023 at 0.64800
The intermediate-term trend has been DOWN since Mar 6th, 2023 at 0.66085
The short-term trend has been DOWN since Mar 2nd, 2023 at 0.66250
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).