Forex Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
Australian Dollar/Swedish Krona (FOREX:AUDSEK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 AUDSEK
The long term trend has been DOWN since May 4th, 2017 at 6.540700
The intermediate term trend has been UP since Oct 29th, 2017 at 6.423450
The short term trend has been DOWN since Nov 14th, 2017 at 6.382845
Smart Scan Analysis for AUDSEK
Based on a pre-defined weighted trend formula for chart analysis, AUDSEK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).