Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
Chinese Renminbi Yuan/Swedish Krona (FOREX:CNYSEK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 CNYSEK
The long term trend has been DOWN since Jul 5th, 2018 at 1.31980
The intermediate term trend has been UP since Dec 3rd, 2018 at 1.31405
The short term trend has been DOWN since Dec 5th, 2018 at 1.30580
Smart Scan Analysis for CNYSEK
Based on a pre-defined weighted trend formula for chart analysis, CNYSEK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).