Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
Canadian Dollar/Swedish Krona (FOREX:CADSEK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 CADSEK
The long term trend has been UP since Feb 5th, 2019 at 6.9561
The intermediate term trend has been UP since Jul 5th, 2019 at 7.1565
The short term trend has been DOWN since Jul 18th, 2019 at 7.1620
Smart Scan Analysis for CADSEK
Based on a pre-defined weighted trend formula for chart analysis, CADSEK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).