Forex Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
Swedish Krona/Danish Krone (FOREX:SEKDKK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 SEKDKK
The long term trend has been DOWN since Oct 25th, 2017 at 0.766750
The intermediate term trend has been DOWN since Feb 5th, 2018 at 0.754460
The short term trend has been UP since Feb 19th, 2018 at 0.754025
Smart Scan Analysis for SEKDKK
Based on a pre-defined weighted trend formula for chart analysis, SEKDKK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).