Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Swedish Krona/Danish Krone (FOREX:SEKDKK)
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.
MarketClub’s Trade Triangles for SEKDKK
The long term trend has been DOWN since Feb 4th, 2019 at 0.717850
The intermediate term trend has been DOWN since Jul 30th, 2019 at 0.701535
The short term trend has been DOWN since Aug 14th, 2019 at 0.694750
Smart Scan Analysis for SEKDKK
Based on a pre-defined weighted trend formula for chart analysis, SEKDKK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).