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Forex Trend Analysis Report

Prepared for you on Thursday, August 16, 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.

FOREX_SEKNZD
Open High Low SEKNZD Price Change
0.165635 0.165725 0.164810 0.165045 -0.000590
Entry Signal

MarketClub’s Trade Triangles for SEKNZD

long term up The long term trend has been UP since Jul 4th, 2018 at 0.168120

intermediate term down The intermediate term trend has been DOWN since Aug 15th, 2018 at 0.165345

short term down The short term trend has been DOWN since Aug 15th, 2018 at 0.165575

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).

-60
Smart Scan Analysis for SEKNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.165635 0.165725 0.164810 0.165045 -0.000590
Prev. Close Volume Bid Ask Time
0.165635 0.164990 0.165100 2018-08-16 11:40:00
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