Forex Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
British Pound/Swedish Krona (FOREX:GBPSEK)
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 GBPSEK
The long term trend has been UP since Nov 1st, 2017 at 11.1348
The intermediate term trend has been DOWN since Sep 19th, 2018 at 11.6490
The short term trend has been DOWN since Sep 18th, 2018 at 11.7120
Smart Scan Analysis for GBPSEK
Based on a pre-defined weighted trend formula for chart analysis, GBPSEK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).