Forex Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
Swedish Krona/Polish New Zloty (FOREX:SEKPLN)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 SEKPLN
The long term trend has been DOWN since Oct 6th, 2019 at 0.39931
The intermediate term trend has been DOWN since Oct 3rd, 2019 at 0.40220
The short term trend has been UP since Oct 21st, 2019 at 0.39779
Smart Scan Analysis for SEKPLN
Based on a pre-defined weighted trend formula for chart analysis, SEKPLN scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).