Forex Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
Moroccan Dirham/Swedish Krona (FOREX:MADSEK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 MADSEK
The long term trend has been UP since Oct 27th, 2017 at 0.88260
The intermediate term trend has been DOWN since Jul 9th, 2018 at 0.92245
The short term trend has been UP since Jul 11th, 2018 at 0.92980
Smart Scan Analysis for MADSEK
Based on a pre-defined weighted trend formula for chart analysis, MADSEK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).