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Forex Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

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

Strong Downtrend (-100) - SEKCNH is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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
0.70240 0.70240 0.70145 0.70145 -0.00095
Entry Signal

MarketClub’s Trade Triangles for SEKCNH

long term down The long-term trend has been DOWN since Mar 11th, 2021 at 0.76850

intermediate term down The intermediate-term trend has been DOWN since Nov 15th, 2021 at 0.74250

short term down The short-term trend has been DOWN since Nov 5th, 2021 at 0.75025

Smart Scan Analysis for SEKCNH

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

-100
Smart Scan Analysis for SEKCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.70240 0.70240 0.70145 0.70145 -0.00095
Prev. Close Volume Bid Ask Time
0.70240 2021-12-07 17:03:34
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