Forex Trend Analysis Report
Prepared for you on Sunday, July 23, 2017.
South Korean Won/Swedish Krona (FOREX:KRWSEK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Jul 18th, 2017 at 0.00740
Smart Scan Analysis for KRWSEK
Based on a pre-defined weighted trend formula for chart analysis, KRWSEK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).