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.
MarketClub’s Trade Triangles for SEKUSD
The long term trend has been DOWN since Apr 2nd, 2018 at 0.11927
The intermediate term trend has been DOWN since Oct 5th, 2018 at 0.11015
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).