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.
MarketClub’s Trade Triangles for SEKCNY
The long-term trend has been UP since Nov 15th, 2023 at 0.67772100
The intermediate-term trend has been UP since Nov 6th, 2023 at 0.65907212
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).