Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Swedish Krona/South African Rand (FOREX:SEKZAR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 SEKZAR
The long term trend has been UP since Aug 12th, 2019 at 1.604200
The intermediate term trend has been DOWN since Sep 2nd, 2019 at 1.542550
The short term trend has been UP since Sep 20th, 2019 at 1.531415
Smart Scan Analysis for SEKZAR
Based on a pre-defined weighted trend formula for chart analysis, SEKZAR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).