Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Saudi Arabian Riyal/Swedish Krona (FOREX:SARSEK)
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 SARSEK
The long term trend has been UP since Apr 2nd, 2018 at 2.23575
The intermediate term trend has been DOWN since Sep 13th, 2019 at 2.55980
The short term trend has been UP since Sep 19th, 2019 at 2.59350
Smart Scan Analysis for SARSEK
Based on a pre-defined weighted trend formula for chart analysis, SARSEK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).