Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
Swedish Krona/New Zealand Dollar (FOREX:SEKNZD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Mar 19th, 2018 at 0.169345
The short term trend has been DOWN since Mar 21st, 2018 at 0.168630
Smart Scan Analysis for SEKNZD
Based on a pre-defined weighted trend formula for chart analysis, SEKNZD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).