Forex Trend Analysis Report
Prepared for you on Sunday, December 8, 2019.
US Dollar/Swedish Krona (FOREX:USDSEK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 USDSEK
The long term trend has been DOWN since Dec 2nd, 2019 at 9.539790
The intermediate term trend has been DOWN since Nov 29th, 2019 at 9.540445
The short term trend has been UP since Dec 2nd, 2019 at 9.585300
Smart Scan Analysis for USDSEK
Based on a pre-defined weighted trend formula for chart analysis, USDSEK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).