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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.

Open High Low SEKNOK Price Change
0.923705 0.923705 0.922165 0.922715 -0.000990
Entry Signal

MarketClub’s Trade Triangles for SEKNOK

long term down The long term trend has been DOWN since Feb 23rd, 2018 at 0.965755

intermediate term up The intermediate term trend has been UP since Jul 23rd, 2018 at 0.925450

short term up 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).

Smart Scan Analysis for SEKNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.923705 0.923705 0.922165 0.922715 -0.000990
Prev. Close Volume Bid Ask Time
0.923705 0.919830 0.925600 2018-08-19 17:21:57
Want to analyze Swedish Krona/Norwegian Krone SEKNOK or another symbol? Try our Free Forex Trend Analysis Report.