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.
MarketClub’s Trade Triangles for SEKCNH
The long-term trend has been DOWN since Sep 18th, 2023 at 0.6537
The intermediate-term trend has been DOWN since Aug 1st, 2023 at 0.6925
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).