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Forex Trend Analysis Report

Prepared for you on Wednesday, February 21, 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.

FOREX_SEKNOK
Open High Low SEKNOK Price Change
0.969115 0.970070 0.968395 0.970015 +0.000900
Entry Signal

MarketClub’s Trade Triangles for SEKNOK

long term up The long term trend has been UP since Jan 12th, 2017 at 0.95202

intermediate term down The intermediate term trend has been DOWN since Feb 20th, 2018 at 0.97308

short term down The short term trend has been DOWN since Feb 14th, 2018 at 0.97875

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).

-60
Smart Scan Analysis for SEKNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.969115 0.970070 0.968395 0.970015 +0.000900
Prev. Close Volume Bid Ask Time
0.969115 0.969820 0.970210 2018-02-21 04:25:36
Want to analyze Swedish Krona/Norwegian Krone SEKNOK or another symbol? Try our Free Forex Trend Analysis Report.