Forex Trend Analysis Report
Prepared for you on Tuesday, January 16, 2018.
Swedish Krona/Swiss Franc (FOREX:SEKCHF)
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 SEKCHF
The long term trend has been DOWN since Nov 15th, 2017 at 11.7148
The intermediate term trend has been UP since Dec 22nd, 2017 at 11.8690
The short term trend has been UP since Jan 10th, 2018 at 11.9810
Smart Scan Analysis for SEKCHF
Based on a pre-defined weighted trend formula for chart analysis, SEKCHF scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).