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Forex Trend Analysis Report

Prepared for you on Sunday, September 23, 2018.

Moroccan Dirham/Swedish Krona (FOREX:MADSEK)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_MADSEK
Open High Low MADSEK Price Change
0.93895 0.94140 0.93750 0.94000 +0.00105
Entry Signal

MarketClub’s Trade Triangles for MADSEK

long term up The long term trend has been UP since Oct 27th, 2017 at 0.88260

intermediate term down The intermediate term trend has been DOWN since Sep 12th, 2018 at 0.95500

short term down The short term trend has been DOWN since Sep 17th, 2018 at 0.95175

Smart Scan Analysis for MADSEK

Based on a pre-defined weighted trend formula for chart analysis, MADSEK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for MADSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.93895 0.94140 0.93750 0.94000 +0.00105
Prev. Close Volume Bid Ask Time
0.93895 0.93450 0.94550 2018-09-21 14:22:48
Want to analyze Moroccan Dirham/Swedish Krona MADSEK or another symbol? Try our Free Forex Trend Analysis Report.