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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Swedish Krona/Chinese Yuan Renminbi (FOREX:SEKCNY)
Sidelines Mode (+50) - SEKCNY is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until SEKCNY can gain momentum.
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.
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MarketClub’s Trade Triangles for SEKCNY
The long-term trend has been DOWN since Oct 31st, 2024 at 0.66486749
The intermediate-term trend has been UP since Dec 25th, 2024 at 0.66966720
The short-term trend has been UP since Dec 25th, 2024 at 0.66316621
Smart Scan Analysis for SEKCNY
Based on our trend formula, SEKCNY is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.65657515 | 0.65953379 | 0.65657515 | 0.65953379 | +0.00295900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.65657515 | 2024-12-26 04:49:41 |