Forex Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
Indian Rupee/Swedish Krona (FOREX:INRSEK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Aug 6th, 2019 at 0.135075
The short term trend has been UP since Aug 14th, 2019 at 0.135100
Smart Scan Analysis for INRSEK
Based on a pre-defined weighted trend formula for chart analysis, INRSEK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).