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.
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 DOWN since Sep 19th, 2021 at 0.7449360
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).