Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
United Arab Emirates Dirham/Swedish Krona (FOREX:AEDSEK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 AEDSEK
The long term trend has been UP since Apr 3rd, 2018 at 2.27645
The intermediate term trend has been DOWN since Sep 5th, 2018 at 2.46345
The short term trend has been DOWN since Sep 2nd, 2018 at 2.47855
Smart Scan Analysis for AEDSEK
Based on a pre-defined weighted trend formula for chart analysis, AEDSEK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).