Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
Swedish Krona/Israeli Shekel (FOREX:SEKILS)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 SEKILS
The long term trend has been UP since Nov 1st, 2019 at 0.36841449
The intermediate term trend has been DOWN since Jan 7th, 2020 at 0.36652420
The short term trend has been DOWN since Jan 22nd, 2020 at 0.36255136
Smart Scan Analysis for SEKILS
Based on a pre-defined weighted trend formula for chart analysis, SEKILS scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).