Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Swedish Krona/Australian Dollar (FOREX:SEKAUD)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 SEKAUD
The long term trend has been UP since Dec 11th, 2019 at 0.15489193
The intermediate term trend has been DOWN since Dec 25th, 2019 at 0.15301156
The short term trend has been DOWN since Jan 24th, 2020 at 0.15288203
Smart Scan Analysis for SEKAUD
Based on a pre-defined weighted trend formula for chart analysis, SEKAUD scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).