Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
Qatari Rial/Swedish Krona (FOREX:QARSEK)
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 QARSEK
The long term trend has been UP since Apr 2nd, 2018 at 2.30275
The intermediate term trend has been DOWN since Sep 7th, 2018 at 2.48385
The short term trend has been DOWN since Sep 3rd, 2018 at 2.49800
Smart Scan Analysis for QARSEK
Based on a pre-defined weighted trend formula for chart analysis, QARSEK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).