Forex Trend Analysis Report
Prepared for you on Tuesday, November 20, 2018.
Moroccan Dirham/Swedish Krona (FOREX:MADSEK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Oct 8th, 2018 at 0.95945
The short term trend has been UP since Nov 12th, 2018 at 0.95300
Smart Scan Analysis for MADSEK
Based on a pre-defined weighted trend formula for chart analysis, MADSEK scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).