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Forex Trend Analysis Report

Prepared for you on Tuesday, March 2, 2021.

Swedish Krona/Chinese Yuan Renminbi (FOREX:SEKCNY)

Countertrend Down (-85) - SEKCNY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_SEKCNY
Open High Low SEKCNY Price Change
0.7660142 0.7727286 0.7644351 0.7715859 +0.0055720
Entry Signal

MarketClub’s Trade Triangles for SEKCNY

long term down The long-term trend has been DOWN since Jan 29th, 2021 at 0.7689321

intermediate term down The intermediate-term trend has been DOWN since Mar 1st, 2021 at 0.7668361

short term up The short-term trend has been UP since Feb 25th, 2021 at 0.7824500

Smart Scan Analysis for SEKCNY

Based on our trend formula, SEKCNY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for SEKCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7660142 0.7727286 0.7644351 0.7715859 +0.0055720
Prev. Close Volume Bid Ask Time
0.7660142 2021-03-02 17:39:07
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