Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Swedish Krona/British Pound (FOREX:SEKGBP)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 SEKGBP
The long term trend has been DOWN since Sep 16th, 2019 at 0.082980
The intermediate term trend has been DOWN since Jan 17th, 2020 at 0.080378
The short term trend has been DOWN since Feb 13th, 2020 at 0.079869
Smart Scan Analysis for SEKGBP
Based on a pre-defined weighted trend formula for chart analysis, SEKGBP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).