Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2017.
South Korean Won/Swedish Krona (FOREX:KRWSEK)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 KRWSEK
The long term trend has been DOWN since Jun 12th, 2017 at 0.00770
The intermediate term trend has been DOWN since Apr 18th, 2017 at 0.00786
The short term trend has been DOWN since Sep 21st, 2017 at 0.00702
Smart Scan Analysis for KRWSEK
Based on a pre-defined weighted trend formula for chart analysis, KRWSEK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).