Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Euro/Swedish Krona (FOREX:EURSEK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 DOWN since Nov 8th, 2018 at 10.26550
The intermediate term trend has been DOWN since Dec 31st, 2018 at 10.24175
The short term trend has been UP since Jan 17th, 2019 at 10.27250
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).