Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

Swedish Krona/Chinese Yuan Renminbi (FOREX:SEKCNY)

Strong Uptrend (+100) - SEKCNY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, SEKCNY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
0.6848219 0.6862572 0.6780670 0.6823571 -0.0024650
Entry Signal

MarketClub’s Trade Triangles for SEKCNY

long term up The long-term trend has been UP since Nov 15th, 2023 at 0.67772100

intermediate term up The intermediate-term trend has been UP since Nov 6th, 2023 at 0.65907212

short term up The short-term trend has been UP since Dec 7th, 2023 at 0.68174060

Smart Scan Analysis for SEKCNY

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

+100
Smart Scan Analysis for SEKCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.6848219 0.6862572 0.6780670 0.6823571 -0.0024650
Prev. Close Volume Bid Ask Time
0.6848219 2023-12-08 20:32:21
Get a free daily analysis and signals for Swedish Krona/Chinese Yuan Renminbi (SEKCNY) - Request Your Free Report.