Forex Trend Analysis Report
Prepared for you on Tuesday, December 11, 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 0.119270
The intermediate term trend has been UP since Dec 4th, 2018 at 0.111320
The short term trend has been DOWN since Dec 7th, 2018 at 0.110565
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).