Forex Trend Analysis Report
Prepared for you on Monday, September 16, 2019.
Chinese Yuan Renminbi/Swedish Krona (FOREX:CNYSEK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 CNYSEK
The long term trend has been DOWN since Jun 4th, 2019 at 1.36425
The intermediate term trend has been DOWN since Aug 9th, 2019 at 1.35555
The short term trend has been DOWN since Sep 13th, 2019 at 1.35850
Smart Scan Analysis for CNYSEK
Based on a pre-defined weighted trend formula for chart analysis, CNYSEK scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).