Forex Trend Analysis Report
Prepared for you on Tuesday, July 16, 2019.
Swedish Krona/Chinese Yuan Renminbi Offshore (FOREX:SEKCNH)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 SEKCNH
The long term trend has been UP since Jun 3rd, 2019 at 0.72975
The intermediate term trend has been UP since May 23rd, 2019 at 0.72075
The short term trend has been UP since Jun 24th, 2019 at 0.73150
Smart Scan Analysis for SEKCNH
Based on a pre-defined weighted trend formula for chart analysis, SEKCNH scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).