Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
US Dollar/Swedish Krona (FOREX:USDSEK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 USDSEK
The long term trend has been DOWN since Dec 2nd, 2019 at 9.539790
The intermediate term trend has been UP since Jan 9th, 2020 at 9.496570
The short term trend has been UP since Feb 13th, 2020 at 9.684245
Smart Scan Analysis for USDSEK
Based on a pre-defined weighted trend formula for chart analysis, USDSEK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).