Forex Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
Swedish Krona/Canadian Dollar (FOREX:SEKCAD)
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 SEKCAD
The long term trend has been DOWN since Apr 11th, 2018 at 0.150670
The intermediate term trend has been UP since Jun 7th, 2018 at 0.149075
The short term trend has been UP since Jun 22nd, 2018 at 0.150085
Smart Scan Analysis for SEKCAD
Based on a pre-defined weighted trend formula for chart analysis, SEKCAD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).