Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
Swedish Krona/Japanese Yen (FOREX:SEKJPY)
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 SEKJPY
The long term trend has been DOWN since Jan 2nd, 2019 at 12.1330
The intermediate term trend has been DOWN since Sep 30th, 2019 at 10.9908
The short term trend has been UP since Oct 10th, 2019 at 10.8560
Smart Scan Analysis for SEKJPY
Based on a pre-defined weighted trend formula for chart analysis, SEKJPY scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).