Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
Swiss Franc/Swedish Krona (FOREX:CHFSEK)
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 CHFSEK
The long term trend has been UP since Nov 15th, 2017 at 8.536495
The intermediate term trend has been DOWN since Dec 22nd, 2017 at 8.423850
The short term trend has been DOWN since Jan 22nd, 2018 at 8.332650
Smart Scan Analysis for CHFSEK
Based on a pre-defined weighted trend formula for chart analysis, CHFSEK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).