Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
Swedish Krona/US Dollar (FOREX:SEKUSD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 Aug 8th, 2018 at 0.11168
The short term trend has been UP since Aug 20th, 2018 at 0.10931
Smart Scan Analysis for SEKUSD
Based on a pre-defined weighted trend formula for chart analysis, SEKUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).