Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Swedish Krona/Indian Rupee (FOREX:SEKINR)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 Aug 5th, 2019 at 7.39930
The short term trend has been UP since Sep 15th, 2019 at 7.43005
Smart Scan Analysis for SEKINR
Based on a pre-defined weighted trend formula for chart analysis, SEKINR scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).