Forex Trend Analysis Report
Prepared for you on Wednesday, June 29, 2022.
Swedish Krona/Chinese Yuan Renminbi (FOREX:SEKCNY)
Sidelines Mode (+55) - SEKCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Jun 3rd, 2022 at 0.68656290
The intermediate-term trend has been DOWN since Jun 10th, 2022 at 0.67120640
The short-term trend has been UP since Jun 27th, 2022 at 0.66553769
Smart Scan Analysis for SEKCNY
Based on our trend formula, SEKCNY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).