Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
US Dollar/Swedish Krona (FOREX:USDSEK)
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 USDSEK
The long term trend has been UP since Apr 2nd, 2018 at 8.38439
The intermediate term trend has been UP since Oct 5th, 2018 at 9.07820
The short term trend has been DOWN since Oct 11th, 2018 at 9.06970
Smart Scan Analysis for USDSEK
Based on a pre-defined weighted trend formula for chart analysis, USDSEK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).