Forex Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
Swedish Krona/British Pound (FOREX:SEKGBP)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SEKGBP
The long term trend has been DOWN since Nov 1st, 2017 at 0.08981
The intermediate term trend has been DOWN since Sep 11th, 2017 at 0.09535
The short term trend has been DOWN since Nov 14th, 2017 at 0.09045
Smart Scan Analysis for SEKGBP
Based on a pre-defined weighted trend formula for chart analysis, SEKGBP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).