Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Swedish Krona/British Pound (FOREX:SEKGBP)
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 SEKGBP
The long term trend has been DOWN since Feb 7th, 2019 at 0.083615
The intermediate term trend has been DOWN since Jan 14th, 2019 at 0.086605
The short term trend has been DOWN since Feb 17th, 2019 at 0.083544
Smart Scan Analysis for SEKGBP
Based on a pre-defined weighted trend formula for chart analysis, SEKGBP scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).