Forex Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
Swedish Krona/Canadian Dollar (FOREX:SEKCAD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 SEKCAD
The long term trend has been UP since Dec 5th, 2018 at 0.148315
The intermediate term trend has been DOWN since Jan 15th, 2019 at 0.148020
The short term trend has been DOWN since Jan 2nd, 2019 at 0.151570
Smart Scan Analysis for SEKCAD
Based on a pre-defined weighted trend formula for chart analysis, SEKCAD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).