Forex Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
Swedish Krona/British Pound (FOREX:SEKGBP)
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 SEKGBP
The long term trend has been DOWN since Nov 1st, 2017 at 0.089810
The intermediate term trend has been DOWN since Oct 5th, 2018 at 0.084345
The short term trend has been UP since Oct 11th, 2018 at 0.084340
Smart Scan Analysis for SEKGBP
Based on a pre-defined weighted trend formula for chart analysis, SEKGBP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).