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Forex Trend Analysis Report

Prepared for you on Tuesday, October 19, 2021.

Swedish Krona/Chinese Yuan Renminbi (FOREX:SEKCNY)

Strong Downtrend (-100) - SEKCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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
0.7430721 0.7441057 0.7394210 0.7399516 -0.0031200
Entry Signal

MarketClub’s Trade Triangles for SEKCNY

long term down The long-term trend has been DOWN since Jan 29th, 2021 at 0.7689321

intermediate term down The intermediate-term trend has been DOWN since Sep 19th, 2021 at 0.7449360

short term down The short-term trend has been DOWN since Oct 19th, 2021 at 0.7407198

Smart Scan Analysis for SEKCNY

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

-100
Smart Scan Analysis for SEKCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7430721 0.7441057 0.7394210 0.7399516 -0.0031200
Prev. Close Volume Bid Ask Time
0.7430721 2021-10-19 18:15:25
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