Forex Trend Analysis Report
Prepared for you on Saturday, March 23, 2019.
Australian Dollar/Swedish Krona (FOREX:AUDSEK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 AUDSEK
The long term trend has been UP since Feb 20th, 2019 at 6.6898
The intermediate term trend has been DOWN since Mar 6th, 2019 at 6.5390
The short term trend has been UP since Mar 22nd, 2019 at 6.5611
Smart Scan Analysis for AUDSEK
Based on a pre-defined weighted trend formula for chart analysis, AUDSEK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).