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Forex Trend Analysis Report

Prepared for you on Sunday, September 24, 2023.

Swedish Krona/Chinese Yuan Renminbi Offshore (FOREX:SEKCNH)

Long-Term Downtrend (-90) - SEKCNH is in a strong downtrend that is likely to continue. While SEKCNH is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SEKCNH?

MarketClub looks at technical strength and momentum to determine if the timing is right for SEKCNH.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SEKCNH
Open High Low SEKCNH Price Change
0.6565 0.6565 0.6565 0.6565 0.0000
Entry Signal

MarketClub’s Trade Triangles for SEKCNH

long term down The long-term trend has been DOWN since Sep 18th, 2023 at 0.6537

intermediate term down The intermediate-term trend has been DOWN since Aug 1st, 2023 at 0.6925

short term down The short-term trend has been DOWN since Aug 24th, 2023 at 0.6747

Smart Scan Analysis for SEKCNH

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

-90
Smart Scan Analysis for SEKCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.6565 0.6565 0.6565 0.6565 0.0000
Prev. Close Volume Bid Ask Time
0.6565 2023-09-22 19:23:57
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