Forex Trend Analysis Report
Prepared for you on Thursday, June 21, 2018.
Swedish Krona/New Zealand Dollar (FOREX:SEKNZD)
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.
MarketClub’s Trade Triangles for SEKNZD
The long term trend has been DOWN since Dec 12th, 2017 at 0.169035
The intermediate term trend has been UP since May 9th, 2018 at 0.165905
The short term trend has been UP since Jun 20th, 2018 at 0.164080
Smart Scan Analysis for SEKNZD
Based on a pre-defined weighted trend formula for chart analysis, SEKNZD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).