Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
Australian Dollar/Swedish Krona (FOREX:AUDSEK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 AUDSEK
The long term trend has been UP since Apr 12th, 2018 at 6.50270
The intermediate term trend has been DOWN since Jul 4th, 2018 at 6.48605
The short term trend has been DOWN since Jul 17th, 2018 at 6.52820
Smart Scan Analysis for AUDSEK
Based on a pre-defined weighted trend formula for chart analysis, AUDSEK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).