Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Swedish Krona/Norwegian Krone (FOREX:SEKNOK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 Oct 2nd, 2018 at 0.90825
The intermediate term trend has been UP since Oct 22nd, 2018 at 0.91808
The short term trend has been UP since Oct 22nd, 2018 at 0.91735
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).