Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Swedish Krona/New Zealand Dollar (FOREX:SEKNZD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 SEKNZD
The long term trend has been DOWN since Nov 13th, 2018 at 0.162315
The intermediate term trend has been UP since Dec 19th, 2018 at 0.162820
The short term trend has been DOWN since Jan 16th, 2019 at 0.163295
Smart Scan Analysis for SEKNZD
Based on a pre-defined weighted trend formula for chart analysis, SEKNZD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).