Forex Trend Analysis Report
Prepared for you on Wednesday, March 21, 2018.
Chinese Renminbi Yuan/Swedish Krona (FOREX:CNYSEK)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since Feb 6th, 2018 at 1.25615
The short term trend has been UP since Mar 21st, 2018 at 1.29875
Smart Scan Analysis for CNYSEK
Based on a pre-defined weighted trend formula for chart analysis, CNYSEK scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).