Forex Trend Analysis Report
Prepared for you on Monday, June 18, 2018.
Euro/Swedish Krona (FOREX:EURSEK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURSEK
The long term trend has been UP since Oct 25th, 2017 at 9.698800
The intermediate term trend has been DOWN since May 9th, 2018 at 10.358310
The short term trend has been UP since Jun 15th, 2018 at 10.209105
Smart Scan Analysis for EURSEK
Based on a pre-defined weighted trend formula for chart analysis, EURSEK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).