Forex Trend Analysis Report
Prepared for you on Sunday, July 15, 2018.
Swedish Krona/Icelandic Krona (FOREX:SEKISK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 SEKISK
The long term trend has been UP since Jun 12th, 2018 at 12.2677
The intermediate term trend has been DOWN since Jun 29th, 2018 at 11.8912
The short term trend has been DOWN since Jul 12th, 2018 at 12.1695
Smart Scan Analysis for SEKISK
Based on a pre-defined weighted trend formula for chart analysis, SEKISK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).