Forex Trend Analysis Report
Prepared for you on Monday, June 18, 2018.
British Pound/Swedish Krona (FOREX:GBPSEK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 May 9th, 2018 at 11.8053
The short term trend has been UP since Jun 15th, 2018 at 11.6102
Smart Scan Analysis for GBPSEK
Based on a pre-defined weighted trend formula for chart analysis, GBPSEK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).