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Forex Trend Analysis Report

Prepared for you on Saturday, August 17, 2019.

Swedish Krona/United Arab Emirates Dirham (FOREX:SEKAED)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_SEKAED
Open High Low SEKAED Price Change
0.380790 0.381120 0.378900 0.380115 -0.000675
Entry Signal

MarketClub’s Trade Triangles for SEKAED

long term down The long term trend has been DOWN since Sep 28th, 2018 at 0.414635

intermediate term down The intermediate term trend has been DOWN since Jul 26th, 2019 at 0.386640

short term down The short term trend has been DOWN since Aug 14th, 2019 at 0.382550

Smart Scan Analysis for SEKAED

Based on a pre-defined weighted trend formula for chart analysis, SEKAED scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for SEKAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.380790 0.381120 0.378900 0.380115 -0.000675
Prev. Close Volume Bid Ask Time
0.380790 0.379720 0.380510 2019-08-16 18:18:40
Want to analyze Swedish Krona/United Arab Emirates Dirham SEKAED or another symbol? Try our Free Forex Trend Analysis Report.