Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
Swedish Krona/Japanese Yen (FOREX:SEKJPY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 UP since Sep 21st, 2018 at 12.84985
The intermediate term trend has been UP since Nov 8th, 2018 at 12.62435
The short term trend has been DOWN since Nov 11th, 2018 at 12.52105
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).