Forex Trend Analysis Report
Prepared for you on Friday, October 18, 2019.
Swedish Krona/Hong Kong Dollar (FOREX:SEKHKD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 SEKHKD
The long term trend has been DOWN since Feb 6th, 2019 at 0.853290
The intermediate term trend has been DOWN since Jul 26th, 2019 at 0.822105
The short term trend has been UP since Oct 10th, 2019 at 0.797430
Smart Scan Analysis for SEKHKD
Based on a pre-defined weighted trend formula for chart analysis, SEKHKD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).