Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Indian Rupee/Swedish Krona (FOREX:INRSEK)
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 INRSEK
The long term trend has been DOWN since Aug 26th, 2019 at 0.13316500
The intermediate term trend has been UP since Jan 9th, 2020 at 0.13280260
The short term trend has been UP since Feb 10th, 2020 at 0.13520627
Smart Scan Analysis for INRSEK
Based on a pre-defined weighted trend formula for chart analysis, INRSEK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).