Forex Trend Analysis Report
Prepared for you on Thursday, April 22, 2021.
Swedish Krona/Chinese Yuan Renminbi (FOREX:SEKCNY)
Bull Market Weakness (+75) - SEKCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SEKCNY as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for SEKCNY
The long-term trend has been DOWN since Jan 29th, 2021 at 0.7689321
The intermediate-term trend has been UP since Apr 13th, 2021 at 0.7682312
The short-term trend has been UP since Apr 6th, 2021 at 0.7541387
Smart Scan Analysis for SEKCNY
Based on our trend formula, SEKCNY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).