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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Chinese Yuan Renminbi/Swedish Krona (FOREX:CNYSEK)
Sidelines Mode (-50) - CNYSEK is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CNYSEK can gain 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.
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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 DOWN since Dec 25th, 2024 at 1.4932791
The short-term trend has been DOWN since Dec 25th, 2024 at 1.5079176
Smart Scan Analysis for CNYSEK
Based on our trend formula, CNYSEK is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.5228720 | 1.5230549 | 1.5150057 | 1.5153571 | -0.0075150 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.5228720 | 2024-12-26 06:31:10 |