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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.

FOREX_SEKJPY
Open High Low SEKJPY Price Change
11.05745 11.06050 11.02265 11.02465 -0.03280
Entry Signal

MarketClub’s Trade Triangles for SEKJPY

long term down The long term trend has been DOWN since Jan 2nd, 2019 at 12.1330

intermediate term down The intermediate term trend has been DOWN since Sep 30th, 2019 at 10.9908

short term up 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).

-65
Smart Scan Analysis for SEKJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.05745 11.06050 11.02265 11.02465 -0.03280
Prev. Close Volume Bid Ask Time
11.05745 11.02260 11.02670 2019-10-14 08:51:54
Want to analyze Swedish Krona/Japanese Yen SEKJPY or another symbol? Try our Free Forex Trend Analysis Report.