Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
Swedish Krona/Japanese Yen (FOREX:SEKJPY)
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 SEKJPY
The long term trend has been DOWN since Feb 22nd, 2018 at 13.13605
The intermediate term trend has been DOWN since Aug 3rd, 2018 at 12.51820
The short term trend has been DOWN since Aug 8th, 2018 at 12.44470
Smart Scan Analysis for SEKJPY
Based on a pre-defined weighted trend formula for chart analysis, SEKJPY scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).