Forex Trend Analysis Report
Prepared for you on Tuesday, March 2, 2021.
Swedish Krona/Chinese Yuan Renminbi (FOREX:SEKCNY)
Countertrend Down (-85) - SEKCNY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 Mar 1st, 2021 at 0.7668361
The short-term trend has been UP since Feb 25th, 2021 at 0.7824500
Smart Scan Analysis for SEKCNY
Based on our trend formula, SEKCNY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).