Forex Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
Swedish Krona/Japanese Yen (FOREX:SEKJPY)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Feb 22nd, 2018 at 13.13605
The intermediate term trend has been DOWN since Feb 5th, 2018 at 13.67700
The short term trend has been UP since Apr 24th, 2018 at 12.79800
Smart Scan Analysis for SEKJPY
Based on a pre-defined weighted trend formula for chart analysis, SEKJPY scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).