Forex Trend Analysis Report
Prepared for you on Wednesday, May 31, 2023.
Swedish Krona/Chinese Yuan Renminbi (FOREX:SEKCNY)
Weak Downtrend (-65) - SEKCNY is showing signs of a strengthening downtrend. Monitor SEKCNY as it may be building momentum to the downside.
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 UP since Apr 4th, 2023 at 0.66988960
The intermediate-term trend has been DOWN since May 15th, 2023 at 0.66823997
The short-term trend has been DOWN since May 11th, 2023 at 0.67621940
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).