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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

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, SEKCNY 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
0.66414336 0.66441383 0.66352841 0.66368937 -0.00045400
Entry Signal

MarketClub’s Trade Triangles for SEKCNY

long term down The long-term trend has been DOWN since Mar 27th, 2024 at 0.6686402

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2024 at 0.6830299

short term down The short-term trend has been DOWN since Mar 27th, 2024 at 0.6757554

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
0.66414336 0.66441383 0.66352841 0.66368937 -0.00045400
Prev. Close Volume Bid Ask Time
0.66414336 2024-03-29 08:19:02
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