Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
Indian Rupee/Swedish Krona (FOREX:INRSEK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Feb 12th, 2019 at 0.130945
The intermediate term trend has been UP since Apr 25th, 2019 at 0.135840
The short term trend has been DOWN since May 24th, 2019 at 0.137650
Smart Scan Analysis for INRSEK
Based on a pre-defined weighted trend formula for chart analysis, INRSEK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).