Forex Trend Analysis Report
Prepared for you on Wednesday, May 22, 2019.
Swedish Krona/South African Rand (FOREX:SEKZAR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 SEKZAR
The long term trend has been DOWN since Jan 29th, 2019 at 1.4995
The intermediate term trend has been DOWN since Apr 2nd, 2019 at 1.5190
The short term trend has been UP since May 17th, 2019 at 1.4898
Smart Scan Analysis for SEKZAR
Based on a pre-defined weighted trend formula for chart analysis, SEKZAR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).