Forex Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
Indian Rupee/Swedish Krona (FOREX:INRSEK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 INRSEK
The long term trend has been UP since Apr 5th, 2018 at 0.129580
The intermediate term trend has been UP since Mar 28th, 2018 at 0.127730
The short term trend has been UP since Apr 23rd, 2018 at 0.127925
Smart Scan Analysis for INRSEK
Based on a pre-defined weighted trend formula for chart analysis, INRSEK scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).