Forex Trend Analysis Report
Prepared for you on Tuesday, September 18, 2018.
Singapore Dollar/Swedish Krona (FOREX:SGDSEK)
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 SGDSEK
The long term trend has been UP since Mar 28th, 2018 at 6.3221
The intermediate term trend has been DOWN since Sep 4th, 2018 at 6.6115
The short term trend has been DOWN since Sep 17th, 2018 at 6.5243
Smart Scan Analysis for SGDSEK
Based on a pre-defined weighted trend formula for chart analysis, SGDSEK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).