Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2019.
Saudi Arabian Riyal/Swedish Krona (FOREX:SARSEK)
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 SARSEK
The long term trend has been UP since Apr 2nd, 2018 at 2.23575
The intermediate term trend has been DOWN since Mar 21st, 2019 at 2.44585
The short term trend has been UP since Apr 18th, 2019 at 2.47270
Smart Scan Analysis for SARSEK
Based on a pre-defined weighted trend formula for chart analysis, SARSEK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).