Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
Swedish Krona/Australian Dollar (FOREX:SEKAUD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 SEKAUD
The long term trend has been DOWN since Dec 2nd, 2018 at 0.149855
The intermediate term trend has been UP since Dec 5th, 2018 at 0.153225
The short term trend has been DOWN since Dec 10th, 2018 at 0.153105
Smart Scan Analysis for SEKAUD
Based on a pre-defined weighted trend formula for chart analysis, SEKAUD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).