Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Euro/Swedish Krona (FOREX:EURSEK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 EURSEK
The long term trend has been UP since Oct 25th, 2017 at 9.698800
The intermediate term trend has been UP since Oct 10th, 2018 at 10.527650
The short term trend has been DOWN since Oct 11th, 2018 at 10.422985
Smart Scan Analysis for EURSEK
Based on a pre-defined weighted trend formula for chart analysis, EURSEK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).