Forex Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
Euro/Swedish Krona (FOREX:EURSEK)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. 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 Jun 25th, 2018 at 10.34687
The short term trend has been UP since Aug 15th, 2018 at 10.44725
Smart Scan Analysis for EURSEK
Based on a pre-defined weighted trend formula for chart analysis, EURSEK scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).