Forex Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
Chinese Renminbi Yuan/Swedish Krona (FOREX:CNYSEK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 CNYSEK
The long term trend has been UP since Jan 16th, 2019 at 1.32970
The intermediate term trend has been DOWN since Mar 18th, 2019 at 1.37230
The short term trend has been DOWN since Mar 13th, 2019 at 1.39365
Smart Scan Analysis for CNYSEK
Based on a pre-defined weighted trend formula for chart analysis, CNYSEK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).