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Forex Trend Analysis Report

Prepared for you on Saturday, October 16, 2021.

Swedish Krona/Chinese Yuan Renminbi (FOREX:SEKCNY)

Weak Downtrend (-65) - SEKCNY is showing signs of a strengthening downtrend. Monitor SEKCNY as it may be building momentum to the downside.

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
0.7458549 0.7478697 0.7447247 0.7465256 +0.0006710
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 Sep 19th, 2021 at 0.7449360

short term up The short-term trend has been UP since Oct 13th, 2021 at 0.7386875

Smart Scan Analysis for SEKCNY

Based on our trend formula, SEKCNY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for SEKCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7458549 0.7478697 0.7447247 0.7465256 +0.0006710
Prev. Close Volume Bid Ask Time
0.7458549 2021-10-15 17:19:11
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