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Forex Trend Analysis Report

Prepared for you on Monday, October 23, 2017.

Saudi Arabian Riyal/Swedish Krona (FOREX:SARSEK)

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.

FOREX_SARSEK
Open High Low SARSEK Price Change
2.18820 2.19280 2.18330 2.18585 -0.00235
Entry Signal

MarketClub’s Trade Triangles for SARSEK

long term down The long term trend has been DOWN since Jan 12th, 2017 at 2.3827

intermediate term up The intermediate term trend has been UP since Sep 25th, 2017 at 2.1477

short term up The short term trend has been UP since Oct 13th, 2017 at 2.1670

Smart Scan Analysis for SARSEK

Based on a pre-defined weighted trend formula for chart analysis, SARSEK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for SARSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.18820 2.19280 2.18330 2.18585 -0.00235
Prev. Close Volume Bid Ask Time
2.1882 2.18440 2.18730 2017-10-23 14:13:28
Want to analyze Saudi Arabian Riyal/Swedish Krona SARSEK or another symbol? Try our Free Forex Trend Analysis Report.