Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Swiss Franc/Swedish Krona (FOREX:CHFSEK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 CHFSEK
The long term trend has been DOWN since Nov 7th, 2019 at 9.64960
The intermediate term trend has been UP since Dec 31st, 2019 at 9.67835
The short term trend has been DOWN since Jan 22nd, 2020 at 9.81025
Smart Scan Analysis for CHFSEK
Based on a pre-defined weighted trend formula for chart analysis, CHFSEK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).