Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
Croatian Kuna/Swedish Krona (FOREX:HRKSEK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 HRKSEK
The long term trend has been DOWN since Nov 2nd, 2018 at 1.38355
The intermediate term trend has been DOWN since Nov 1st, 2018 at 1.38640
The short term trend has been UP since Nov 14th, 2018 at 1.38515
Smart Scan Analysis for HRKSEK
Based on a pre-defined weighted trend formula for chart analysis, HRKSEK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).