Forex Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
Qatari Rial/Swedish Krona (FOREX:QARSEK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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.
MarketClub’s Trade Triangles for QARSEK
The long term trend has been DOWN since Dec 30th, 2016 at 2.49825
The intermediate term trend has been UP since Sep 18th, 2017 at 2.17980
The short term trend has been UP since Oct 17th, 2017 at 2.17910
Smart Scan Analysis for QARSEK
Based on a pre-defined weighted trend formula for chart analysis, QARSEK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).