Forex Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
Swedish Krona/Polish New Zloty (FOREX:SEKPLN)
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 SEKPLN
The long term trend has been DOWN since Feb 7th, 2019 at 0.41034
The intermediate term trend has been DOWN since Jan 25th, 2019 at 0.41622
The short term trend has been DOWN since Feb 15th, 2019 at 0.41217
Smart Scan Analysis for SEKPLN
Based on a pre-defined weighted trend formula for chart analysis, SEKPLN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).