Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
Swedish Krona/Indian Rupee (FOREX:SEKINR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 SEKINR
The long term trend has been DOWN since Feb 11th, 2019 at 7.64860
The intermediate term trend has been UP since Jun 4th, 2019 at 7.36835
The short term trend has been DOWN since Jun 18th, 2019 at 7.32465
Smart Scan Analysis for SEKINR
Based on a pre-defined weighted trend formula for chart analysis, SEKINR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).