Forex Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
Mauritius Rupee/Swedish Krona (FOREX:MURSEK)
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 MURSEK
The long term trend has been UP since Nov 20th, 2017 at 0.2492
The intermediate term trend has been UP since May 29th, 2018 at 0.2572
The short term trend has been DOWN since Jul 17th, 2018 at 0.2552
Smart Scan Analysis for MURSEK
Based on a pre-defined weighted trend formula for chart analysis, MURSEK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).