Forex Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
Swedish Krona/British Pound (FOREX:SEKGBP)
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 SEKGBP
The long term trend has been DOWN since Nov 1st, 2017 at 0.089810
The intermediate term trend has been UP since Jul 9th, 2018 at 0.086625
The short term trend has been UP since Jul 17th, 2018 at 0.085746
Smart Scan Analysis for SEKGBP
Based on a pre-defined weighted trend formula for chart analysis, SEKGBP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).