Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
Singapore Dollar/Swedish Krona (FOREX:SGDSEK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 6.32210
The intermediate term trend has been DOWN since Jul 4th, 2018 at 6.42695
The short term trend has been UP since Jul 10th, 2018 at 6.46250
Smart Scan Analysis for SGDSEK
Based on a pre-defined weighted trend formula for chart analysis, SGDSEK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).