Forex Trend Analysis Report
Prepared for you on Thursday, November 15, 2018.
British Pound/Swedish Krona (FOREX:GBPSEK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 Nov 15th, 2018 at 11.6300
The short term trend has been DOWN since Nov 15th, 2018 at 11.7120
Smart Scan Analysis for GBPSEK
Based on a pre-defined weighted trend formula for chart analysis, GBPSEK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).