Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, January 21, 2022.
Swedish Krona/Chinese Yuan Renminbi (FOREX:SEKCNY)
Long-Term Downtrend (-90) - SEKCNY is in a strong downtrend that is likely to continue. While SEKCNY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SEKCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for SEKCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for SEKCNY
The long-term trend has been DOWN since Jan 29th, 2021 at 0.7689321
The intermediate-term trend has been DOWN since Jan 18th, 2022 at 0.6961503
The short-term trend has been DOWN since Jan 17th, 2022 at 0.7032256
Smart Scan Analysis for SEKCNY
Based on our trend formula, SEKCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.6877391 | 0.6924360 | 0.6877391 | 0.6890415 | +0.0013020 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.6877391 | 2022-01-21 16:51:37 |