Forex Trend Analysis Report
Prepared for you on Saturday, January 20, 2018.
Swedish Krona/Japanese Yen (FOREX:SEKJPY)
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 SEKJPY
The long term trend has been DOWN since Nov 17th, 2017 at 13.33485
The intermediate term trend has been UP since Dec 20th, 2017 at 13.50290
The short term trend has been DOWN since Jan 19th, 2018 at 13.70800
Smart Scan Analysis for SEKJPY
Based on a pre-defined weighted trend formula for chart analysis, SEKJPY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).