Forex Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
Mauritius Rupee/Swedish Krona (FOREX:MURSEK)
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 MURSEK
The long term trend has been DOWN since Jun 28th, 2017 at 0.2479
The intermediate term trend has been DOWN since Oct 10th, 2017 at 0.2372
The short term trend has been UP since Oct 12th, 2017 at 0.2389
Smart Scan Analysis for MURSEK
Based on a pre-defined weighted trend formula for chart analysis, MURSEK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).