Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2017.
Australian Dollar/Swedish Krona (FOREX:AUDSEK)
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 AUDSEK
The long term trend has been DOWN since May 4th, 2017 at 6.540700
The intermediate term trend has been UP since Sep 11th, 2017 at 6.439215
The short term trend has been DOWN since Sep 21st, 2017 at 6.331150
Smart Scan Analysis for AUDSEK
Based on a pre-defined weighted trend formula for chart analysis, AUDSEK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).