Forex Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
Swedish Krona/New Zealand Dollar (FOREX:SEKNZD)
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 SEKNZD
The long term trend has been UP since Aug 7th, 2019 at 0.162950
The intermediate term trend has been DOWN since Nov 12th, 2019 at 0.160985
The short term trend has been DOWN since Dec 1st, 2019 at 0.162064
Smart Scan Analysis for SEKNZD
Based on a pre-defined weighted trend formula for chart analysis, SEKNZD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).