Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
Swedish Krona/Turkish Lira (FOREX:SEKTRY)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 SEKTRY
The long term trend has been UP since Jul 2nd, 2017 at 0.418095
The intermediate term trend has been DOWN since Oct 1st, 2018 at 0.670980
The short term trend has been DOWN since Dec 10th, 2018 at 0.585115
Smart Scan Analysis for SEKTRY
Based on a pre-defined weighted trend formula for chart analysis, SEKTRY scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).