Forex Trend Analysis Report
Prepared for you on Thursday, July 20, 2017.
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 UP since Mar 14th, 2017 at 0.150650
The intermediate term trend has been DOWN since Jun 12th, 2017 at 0.153670
The short term trend has been DOWN since Jul 19th, 2017 at 0.151805
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).