Forex Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
Swedish Krona/British Pound (FOREX:SEKGBP)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 0.089810
The intermediate term trend has been DOWN since Jan 22nd, 2018 at 0.089560
The short term trend has been DOWN since Apr 24th, 2018 at 0.084135
Smart Scan Analysis for SEKGBP
Based on a pre-defined weighted trend formula for chart analysis, SEKGBP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).