Forex Trend Analysis Report
Prepared for you on Wednesday, November 25, 2020.
Swedish Krona/Chinese Yuan Renminbi Offshore (FOREX:SEKCNH)
Bull Market Weakness (+75) - SEKCNH is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SEKCNH as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for SEKCNH
The long-term trend has been DOWN since Sep 25th, 2020 at 0.75330
The intermediate-term trend has been UP since Nov 24th, 2020 at 0.76810
The short-term trend has been UP since Nov 6th, 2020 at 0.76195
Smart Scan Analysis for SEKCNH
Based on our trend formula, SEKCNH is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).