Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
Canadian Dollar/Swedish Krona (FOREX:CADSEK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 CADSEK
The long term trend has been UP since Feb 5th, 2019 at 6.95610
The intermediate term trend has been DOWN since Oct 20th, 2019 at 7.35915
The short term trend has been DOWN since Nov 14th, 2019 at 7.31450
Smart Scan Analysis for CADSEK
Based on a pre-defined weighted trend formula for chart analysis, CADSEK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).