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Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Swedish Krona/Chinese Yuan Renminbi Offshore (FOREX:SEKCNH)
Sidelines Mode (+55) - SEKCNH is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for SEKCNH
The long-term trend has been UP since Dec 18th, 2020 at 0.78450
The intermediate-term trend has been UP since Feb 18th, 2021 at 0.78425
The short-term trend has been DOWN since Feb 22nd, 2021 at 0.77500
Smart Scan Analysis for SEKCNH
Based on our trend formula, SEKCNH is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7815 | 0.7815 | 0.7815 | 0.7815 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7815 | 2021-02-24 21:01:06 |