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Forex Trend Analysis Report
Prepared for you on Tuesday, February 4, 2025.
Chinese Yuan Renminbi/Swedish Krona (FOREX:CNYSEK)
Sidelines Mode (+55) - CNYSEK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for CNYSEK
The long-term trend has been UP since Oct 31st, 2024 at 1.5040591
The intermediate-term trend has been UP since Jan 30th, 2025 at 1.5420213
The short-term trend has been DOWN since Feb 4th, 2025 at 1.5324534
Smart Scan Analysis for CNYSEK
Based on our trend formula, CNYSEK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.5456041 | 1.5505666 | 1.5050588 | 1.5064653 | -0.0391390 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.5456041 | 2025-02-04 23:37:23 |