Forex Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
Swedish Krona/Icelandic Krona (FOREX:SEKISK)
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 SEKISK
The long term trend has been DOWN since Jul 30th, 2019 at 12.6260
The intermediate term trend has been DOWN since Jul 22nd, 2019 at 13.3255
The short term trend has been DOWN since Aug 19th, 2019 at 12.8165
Smart Scan Analysis for SEKISK
Based on a pre-defined weighted trend formula for chart analysis, SEKISK scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).