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Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

Swedish Krona/Chinese Yuan Renminbi (FOREX:SEKCNY)

Long-Term Downtrend (-90) - SEKCNY is in a strong downtrend that is likely to continue. While SEKCNY 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 SEKCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for SEKCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SEKCNY
Open High Low SEKCNY Price Change
0.64561184 0.64751585 0.64533071 0.64751585 +0.00190400
Entry Signal

MarketClub’s Trade Triangles for SEKCNY

long term down The long-term trend has been DOWN since Mar 27th, 2024 at 0.66864020

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2024 at 0.68302990

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 0.66544759

Smart Scan Analysis for SEKCNY

Based on our trend formula, SEKCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SEKCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.64561184 0.64751585 0.64533071 0.64751585 +0.00190400
Prev. Close Volume Bid Ask Time
0.64561184 2024-04-19 05:54:05
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