Forex Trend Analysis Report
Prepared for you on Monday, July 15, 2019.
Bangladeshi Taka/Swedish Krona (FOREX:BDTSEK)
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 BDTSEK
The long term trend has been UP since Feb 6th, 2019 at 0.10925
The intermediate term trend has been DOWN since May 30th, 2019 at 0.11310
The short term trend has been UP since Jun 28th, 2019 at 0.11000
Smart Scan Analysis for BDTSEK
Based on a pre-defined weighted trend formula for chart analysis, BDTSEK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).