Forex Trend Analysis Report
Prepared for you on Wednesday, June 26, 2019.
Swedish Krona/United Arab Emirates Dirham (FOREX:SEKAED)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 SEKAED
The long term trend has been DOWN since Sep 28th, 2018 at 0.414635
The intermediate term trend has been UP since May 26th, 2019 at 0.385250
The short term trend has been UP since Jun 20th, 2019 at 0.388600
Smart Scan Analysis for SEKAED
Based on a pre-defined weighted trend formula for chart analysis, SEKAED scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).