Forex Trend Analysis Report
Prepared for you on Tuesday, November 21, 2017.
Swedish Krona/Norwegian Krone (FOREX:SEKNOK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 SEKNOK
The long term trend has been UP since Jan 12th, 2017 at 0.952020
The intermediate term trend has been UP since Nov 15th, 2017 at 0.980115
The short term trend has been DOWN since Nov 21st, 2017 at 0.973555
Smart Scan Analysis for SEKNOK
Based on a pre-defined weighted trend formula for chart analysis, SEKNOK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).