Forex Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
British Pound/Swedish Krona (FOREX:GBPSEK)
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 GBPSEK
The long term trend has been UP since Feb 7th, 2019 at 11.96000
The intermediate term trend has been DOWN since Mar 20th, 2019 at 12.15000
The short term trend has been DOWN since Mar 12th, 2019 at 12.20525
Smart Scan Analysis for GBPSEK
Based on a pre-defined weighted trend formula for chart analysis, GBPSEK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).