Forex Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
Hong Kong Dollar/Swedish Krona (FOREX:HKDSEK)
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 HKDSEK
The long term trend has been UP since Apr 2nd, 2018 at 1.06830
The intermediate term trend has been DOWN since Sep 5th, 2018 at 1.15185
The short term trend has been DOWN since Sep 3rd, 2018 at 1.15865
Smart Scan Analysis for HKDSEK
Based on a pre-defined weighted trend formula for chart analysis, HKDSEK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).