Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
Sri Lankan Rupee/Swedish Krona (FOREX:LKRSEK)
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 LKRSEK
The long term trend has been DOWN since Sep 19th, 2018 at 0.05365
The intermediate term trend has been DOWN since Sep 3rd, 2018 at 0.05635
The short term trend has been DOWN since Dec 13th, 2018 at 0.05045
Smart Scan Analysis for LKRSEK
Based on a pre-defined weighted trend formula for chart analysis, LKRSEK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).