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Forex Trend Analysis Report

Prepared for you on Saturday, April 13, 2024.

Chinese Yuan Renminbi/Swedish Krona (FOREX:CNYSEK)

Long-Term Uptrend (+90) - CNYSEK is in a strong uptrend that is likely to continue. While CNYSEK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

FOREX_CNYSEK
Open High Low CNYSEK Price Change
1.5282796 1.5282796 1.5282796 1.5282796 0.0000000
Entry Signal

MarketClub’s Trade Triangles for CNYSEK

long term up The long-term trend has been UP since Mar 27th, 2024 at 1.4955752

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2024 at 1.4640673

short term up The short-term trend has been UP since Apr 10th, 2024 at 1.5028116

Smart Scan Analysis for CNYSEK

Based on our trend formula, CNYSEK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CNYSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5282796 1.5282796 1.5282796 1.5282796 0.0000000
Prev. Close Volume Bid Ask Time
1.5282796 2024-04-13 18:02:07
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