Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Swedish Krona/Chinese Yuan Renminbi Offshore (FOREX:SEKCNH)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 SEKCNH
The long term trend has been UP since Dec 6th, 2019 at 0.73870
The intermediate term trend has been DOWN since Jan 6th, 2020 at 0.74375
The short term trend has been DOWN since Jan 3rd, 2020 at 0.74500
Smart Scan Analysis for SEKCNH
Based on a pre-defined weighted trend formula for chart analysis, SEKCNH scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).