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Forex Trend Analysis Report

Prepared for you on Friday, December 15, 2017.

US Dollar/Swedish Krona (FOREX:USDSEK)

Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.

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_USDSEK
Open High Low USDSEK Price Change
8.443890 8.516240 8.419115 8.495170 +0.051280
Entry Signal

MarketClub’s Trade Triangles for USDSEK

long term up The long term trend has been UP since Nov 1st, 2017 at 8.396055

intermediate term down The intermediate term trend has been DOWN since Nov 22nd, 2017 at 8.332635

short term down The short term trend has been DOWN since Dec 12th, 2017 at 8.437875

Smart Scan Analysis for USDSEK

Based on a pre-defined weighted trend formula for chart analysis, USDSEK scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-50
Smart Scan Analysis for USDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.443890 8.516240 8.419115 8.495170 +0.051280
Prev. Close Volume Bid Ask Time
8.443890 8.491130 8.499210 2017-12-15 18:21:31
Want to analyze US Dollar/Swedish Krona USDSEK or another symbol? Try our Free Forex Trend Analysis Report.