Forex Trend Analysis Report
Prepared for you on Wednesday, January 19, 2022.
Chinese Yuan Renminbi/Swedish Krona (FOREX:CNYSEK)
Strong Uptrend (+100) - CNYSEK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNYSEK 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 CNYSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNYSEK
The long-term trend has been UP since Aug 17th, 2021 at 1.3481053
The intermediate-term trend has been UP since Jan 18th, 2022 at 1.4364742
The short-term trend has been UP since Jan 17th, 2022 at 1.4220215
Smart Scan Analysis for CNYSEK
Based on our trend formula, CNYSEK is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).