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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
Swedish Krona/Chinese Yuan Renminbi (FOREX:SEKCNY)
Bear Market Rally (-75) - SEKCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SEKCNY as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for SEKCNY
The long-term trend has been DOWN since Mar 27th, 2024 at 0.66864020
The intermediate-term trend has been DOWN since Mar 18th, 2024 at 0.68302990
The short-term trend has been UP since Apr 22nd, 2024 at 0.65224626
Smart Scan Analysis for SEKCNY
Based on our trend formula, SEKCNY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.65699891 | 0.65699891 | 0.65173696 | 0.65311505 | -0.00388400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.65699891 | 2024-04-24 14:05:05 |