Forex Trend Analysis Report
Prepared for you on Friday, June 22, 2018.
Chinese Renminbi Yuan/Swedish Krona (FOREX:CNYSEK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 CNYSEK
The long term trend has been UP since Oct 27th, 2017 at 1.25645
The intermediate term trend has been DOWN since Jun 11th, 2018 at 1.35360
The short term trend has been DOWN since Jun 21st, 2018 at 1.36670
Smart Scan Analysis for CNYSEK
Based on a pre-defined weighted trend formula for chart analysis, CNYSEK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).