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.
MarketClub’s Trade Triangles for SARSEK
The long term trend has been DOWN since Jan 12th, 2017 at 2.3827
The intermediate term trend has been UP since Sep 25th, 2017 at 2.1477
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).