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.
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 Sep 19th, 2021 at 0.7449360
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).