Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
Hong Kong Dollar/Swedish Krona (FOREX:HKDSEK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 HKDSEK
The long term trend has been UP since Nov 1st, 2017 at 1.07605
The intermediate term trend has been DOWN since Nov 22nd, 2017 at 1.06820
The short term trend has been DOWN since Dec 12th, 2017 at 1.08050
Smart Scan Analysis for HKDSEK
Based on a pre-defined weighted trend formula for chart analysis, HKDSEK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).