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Forex Trend Analysis Report

Prepared for you on Wednesday, May 23, 2018.

Swedish Krona/US Dollar (FOREX:SEKUSD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
0.114870 0.114930 0.113805 0.114190 -0.000680
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 Feb 7th, 2018 at 0.12393

short term down The short term trend has been DOWN since May 23rd, 2018 at 0.11388

Smart Scan Analysis for SEKUSD

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

-100
Smart Scan Analysis for SEKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.114870 0.114930 0.113805 0.114190 -0.000680
Prev. Close Volume Bid Ask Time
0.114870 0.114170 0.114210 2018-05-23 06:42:52
Want to analyze Swedish Krona/US Dollar SEKUSD or another symbol? Try our Free Forex Trend Analysis Report.