Forex Trend Analysis Report
Prepared for you on Sunday, August 20, 2017.
US Dollar/Swedish Krona (FOREX:USDSEK)
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 USDSEK
The long term trend has been DOWN since Feb 1st, 2017 at 8.73870
The intermediate term trend has been DOWN since Jun 27th, 2017 at 8.61945
The short term trend has been UP since Aug 17th, 2017 at 8.14136
Smart Scan Analysis for USDSEK
Based on a pre-defined weighted trend formula for chart analysis, USDSEK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).