Forex Trend Analysis Report
Prepared for you on Saturday, October 21, 2017.
US Dollar/Swedish Krona (FOREX:USDSEK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 UP since Sep 25th, 2017 at 8.05310
The short term trend has been UP since Oct 13th, 2017 at 8.13064
Smart Scan Analysis for USDSEK
Based on a pre-defined weighted trend formula for chart analysis, USDSEK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).