Forex Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
Swedish Krona/Czech Koruna (FOREX:SEKCZK)
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 SEKCZK
The long term trend has been DOWN since Feb 1st, 2019 at 2.47810
The intermediate term trend has been DOWN since Apr 12th, 2019 at 2.44190
The short term trend has been UP since May 14th, 2019 at 2.38505
Smart Scan Analysis for SEKCZK
Based on a pre-defined weighted trend formula for chart analysis, SEKCZK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).