Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Swiss Franc/Swedish Krona (FOREX:CHFSEK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 CHFSEK
The long term trend has been DOWN since Nov 7th, 2019 at 9.64960
The intermediate term trend has been UP since Dec 31st, 2019 at 9.67835
The short term trend has been UP since Dec 26th, 2019 at 9.62810
Smart Scan Analysis for CHFSEK
Based on a pre-defined weighted trend formula for chart analysis, CHFSEK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).