Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
Swedish Krona/Russian Ruble (FOREX:SEKRUB)
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 SEKRUB
The long term trend has been UP since Apr 9th, 2018 at 7.23135
The intermediate term trend has been DOWN since Jun 27th, 2018 at 7.04350
The short term trend has been DOWN since Jul 9th, 2018 at 7.18380
Smart Scan Analysis for SEKRUB
Based on a pre-defined weighted trend formula for chart analysis, SEKRUB scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).