Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
Swedish Krona/Danish Krone (FOREX:SEKDKK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 SEKDKK
The long term trend has been UP since Nov 7th, 2019 at 0.703135
The intermediate term trend has been DOWN since Jan 6th, 2020 at 0.709050
The short term trend has been UP since Jan 22nd, 2020 at 0.708700
Smart Scan Analysis for SEKDKK
Based on a pre-defined weighted trend formula for chart analysis, SEKDKK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).