Forex Trend Analysis Report
Prepared for you on Monday, September 16, 2019.
South Korean Won/Swedish Krona (FOREX:KRWSEK)
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 KRWSEK
The long term trend has been UP since Sep 10th, 2019 at 0.008163
The intermediate term trend has been UP since Aug 29th, 2019 at 0.008074
The short term trend has been DOWN since Sep 16th, 2019 at 0.008126
Smart Scan Analysis for KRWSEK
Based on a pre-defined weighted trend formula for chart analysis, KRWSEK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).