Forex Trend Analysis Report
Prepared for you on Wednesday, December 19, 2018.
Qatari Rial/Swedish Krona (FOREX:QARSEK)
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 QARSEK
The long term trend has been UP since Apr 2nd, 2018 at 2.30275
The intermediate term trend has been UP since Dec 12th, 2018 at 2.50505
The short term trend has been DOWN since Dec 17th, 2018 at 2.48210
Smart Scan Analysis for QARSEK
Based on a pre-defined weighted trend formula for chart analysis, QARSEK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).