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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

Swedish Krona/Indian Rupee (FOREX:SEKINR)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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.

FOREX_SEKINR
Open High Low SEKINR Price Change
7.410918 7.422700 7.395457 7.412269 +0.001351
Entry Signal

MarketClub’s Trade Triangles for SEKINR

long term up The long term trend has been UP since Nov 29th, 2019 at 7.511750

intermediate term down The intermediate term trend has been DOWN since Jan 9th, 2020 at 7.531144

short term down The short term trend has been DOWN since Jan 24th, 2020 at 7.460857

Smart Scan Analysis for SEKINR

Based on a pre-defined weighted trend formula for chart analysis, SEKINR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for SEKINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.410918 7.422700 7.395457 7.412269 +0.001351
Prev. Close Volume Bid Ask Time
7.410918 7.412217 7.412321 2020-01-29 06:17:42
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