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Forex Trend Analysis Report

Prepared for you on Wednesday, October 17, 2018.

Swedish Krona/US Dollar (FOREX:SEKUSD)

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.

FOREX_SEKUSD
Open High Low SEKUSD Price Change
0.112135 0.112480 0.111670 0.111721 -0.000414
Entry Signal

MarketClub’s Trade Triangles for SEKUSD

long term down The long term trend has been DOWN since Apr 2nd, 2018 at 0.11927

intermediate term down The intermediate term trend has been DOWN since Oct 5th, 2018 at 0.11015

short term up The short term trend has been UP since Oct 11th, 2018 at 0.11026

Smart Scan Analysis for SEKUSD

Based on a pre-defined weighted trend formula for chart analysis, SEKUSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for SEKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.112135 0.112480 0.111670 0.111721 -0.000414
Prev. Close Volume Bid Ask Time
0.112135 0.111702 0.111739 2018-10-17 14:00:19
Want to analyze Swedish Krona/US Dollar SEKUSD or another symbol? Try our Free Forex Trend Analysis Report.