Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
Singapore Dollar/Swedish Krona (FOREX:SGDSEK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 SGDSEK
The long term trend has been DOWN since Dec 12th, 2019 at 6.941950
The intermediate term trend has been DOWN since Feb 4th, 2020 at 7.012920
The short term trend has been UP since Feb 10th, 2020 at 6.955378
Smart Scan Analysis for SGDSEK
Based on a pre-defined weighted trend formula for chart analysis, SGDSEK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).