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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.

FOREX_SEKCNY
Open High Low SEKCNY Price Change
0.65087248 0.65087248 0.64895505 0.64954242 -0.00133000
Entry Signal

MarketClub’s Trade Triangles for SEKCNY

long term up The long-term trend has been UP since Apr 4th, 2023 at 0.66988960

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2023 at 0.66823997

short term down 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).

-70
Smart Scan Analysis for SEKCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.65087248 0.65087248 0.64895505 0.64954242 -0.00133000
Prev. Close Volume Bid Ask Time
0.65087248 2023-05-31 05:53:12
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