Forex Trend Analysis Report
Prepared for you on Thursday, December 1, 2022.
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 UP since Nov 8th, 2022 at 0.67090
The intermediate-term trend has been UP since Nov 1st, 2022 at 0.64125
The short-term trend has been UP since Nov 25th, 2022 at 0.67450
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).