Forex Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
Euro/Swedish Krona (FOREX:EURSEK)
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 EURSEK
The long term trend has been UP since Oct 25th, 2017 at 9.69880
The intermediate term trend has been UP since Feb 5th, 2018 at 9.87500
The short term trend has been UP since Feb 20th, 2018 at 9.93195
Smart Scan Analysis for EURSEK
Based on a pre-defined weighted trend formula for chart analysis, EURSEK scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).