Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
Swedish Krona/Norwegian Krone (FOREX:SEKNOK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 SEKNOK
The long term trend has been DOWN since Feb 23rd, 2018 at 0.965755
The intermediate term trend has been UP since Jul 23rd, 2018 at 0.925450
The short term trend has been UP since Aug 16th, 2018 at 0.921400
Smart Scan Analysis for SEKNOK
Based on a pre-defined weighted trend formula for chart analysis, SEKNOK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).