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.
MarketClub’s Trade Triangles for SEKINR
The long term trend has been UP since Nov 29th, 2019 at 7.511750
The intermediate term trend has been DOWN since Jan 9th, 2020 at 7.531144
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).