Forex Trend Analysis Report
Prepared for you on Friday, March 24, 2023.
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.
MarketClub’s Trade Triangles for CNYSEK
The long-term trend has been UP since Feb 6th, 2023 at 1.5656837
The intermediate-term trend has been DOWN since Mar 22nd, 2023 at 1.4959239
The short-term trend has been UP since Mar 24th, 2023 at 1.5177000
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).