Forex Trend Analysis Report
Prepared for you on Friday, November 24, 2017.
Euro/Swedish Krona (FOREX:EURSEK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 9.69880
The intermediate term trend has been UP since Sep 11th, 2017 at 9.55980
The short term trend has been DOWN since Nov 21st, 2017 at 9.89321
Smart Scan Analysis for EURSEK
Based on a pre-defined weighted trend formula for chart analysis, EURSEK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).