Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Jordanian Dinar/Swedish Krona (FOREX:JODSEK)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 JODSEK
The long term trend has been UP since Feb 6th, 2019 at 12.905
The intermediate term trend has been DOWN since May 28th, 2019 at 13.462
The short term trend has been DOWN since Jul 19th, 2019 at 13.195
Smart Scan Analysis for JODSEK
Based on a pre-defined weighted trend formula for chart analysis, JODSEK scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).