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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.

FOREX_SEKCNH
Open High Low SEKCNH Price Change
0.7638 0.7705 0.7638 0.7705 +0.0067
Entry Signal

MarketClub’s Trade Triangles for SEKCNH

long term down The long-term trend has been DOWN since Sep 25th, 2020 at 0.75330

intermediate term up The intermediate-term trend has been UP since Nov 24th, 2020 at 0.76810

short term up 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).

+70
Smart Scan Analysis for SEKCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7638 0.7705 0.7638 0.7705 +0.0067
Prev. Close Volume Bid Ask Time
0.7638 2020-11-24 15:19:42
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