Forex Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
South African Rand/Swedish Krona (FOREX:ZARSEK)
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 ZARSEK
The long term trend has been DOWN since Jun 7th, 2018 at 0.676615
The intermediate term trend has been UP since Sep 26th, 2018 at 0.624395
The short term trend has been UP since Oct 9th, 2018 at 0.617200
Smart Scan Analysis for ZARSEK
Based on a pre-defined weighted trend formula for chart analysis, ZARSEK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).