Forex Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
Qatari Rial/Swedish Krona (FOREX:QARSEK)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 DOWN since Jun 12th, 2018 at 2.37290
The short term trend has been DOWN since Jun 22nd, 2018 at 2.43370
Smart Scan Analysis for QARSEK
Based on a pre-defined weighted trend formula for chart analysis, QARSEK scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).