Forex Trend Analysis Report
Prepared for you on Saturday, November 17, 2018.
Swiss Franc/Swedish Krona (FOREX:CHFSEK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Sep 18th, 2018 at 9.232050
The short term trend has been UP since Nov 11th, 2018 at 9.036400
Smart Scan Analysis for CHFSEK
Based on a pre-defined weighted trend formula for chart analysis, CHFSEK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).