Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
Swedish Krona/Danish Krone (FOREX:SEKDKK)
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 SEKDKK
The long term trend has been DOWN since Oct 25th, 2017 at 0.76675
The intermediate term trend has been UP since May 9th, 2018 at 0.71910
The short term trend has been UP since May 21st, 2018 at 0.72576
Smart Scan Analysis for SEKDKK
Based on a pre-defined weighted trend formula for chart analysis, SEKDKK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).