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.
MarketClub’s Trade Triangles for USDSEK
The long term trend has been UP since Nov 1st, 2017 at 8.396055
The intermediate term trend has been DOWN since Nov 22nd, 2017 at 8.332635
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).