Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Swedish Krona/Canadian Dollar (FOREX:SEKCAD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 SEKCAD
The long term trend has been DOWN since Feb 5th, 2019 at 0.143735
The intermediate term trend has been DOWN since Jul 5th, 2019 at 0.139715
The short term trend has been UP since Jul 18th, 2019 at 0.139620
Smart Scan Analysis for SEKCAD
Based on a pre-defined weighted trend formula for chart analysis, SEKCAD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).