Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
Indian Rupee/Swedish Krona (FOREX:INRSEK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 INRSEK
The long term trend has been UP since Feb 12th, 2019 at 0.130945
The intermediate term trend has been DOWN since Jun 4th, 2019 at 0.136045
The short term trend has been UP since Jun 18th, 2019 at 0.136535
Smart Scan Analysis for INRSEK
Based on a pre-defined weighted trend formula for chart analysis, INRSEK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).