Forex Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
Swedish Krona/Australian Dollar (FOREX:SEKAUD)
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 SEKAUD
The long term trend has been DOWN since Apr 12th, 2018 at 0.153805
The intermediate term trend has been UP since Jul 4th, 2018 at 0.154175
The short term trend has been UP since Jul 17th, 2018 at 0.153175
Smart Scan Analysis for SEKAUD
Based on a pre-defined weighted trend formula for chart analysis, SEKAUD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).