Forex Trend Analysis Report
Prepared for you on Friday, October 18, 2019.
British Pound/Swedish Krona (FOREX:GBPSEK)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 GBPSEK
The long term trend has been UP since Sep 16th, 2019 at 12.05115
The intermediate term trend has been UP since Aug 20th, 2019 at 11.78525
The short term trend has been UP since Oct 11th, 2019 at 12.19805
Smart Scan Analysis for GBPSEK
Based on a pre-defined weighted trend formula for chart analysis, GBPSEK scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).