Forex Trend Analysis Report
Prepared for you on Thursday, July 18, 2019.
Swedish Krona/South African Rand (FOREX:SEKZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Jun 6th, 2019 at 1.58380
The intermediate term trend has been DOWN since Jul 3rd, 2019 at 1.50770
The short term trend has been UP since Jul 17th, 2019 at 1.49235
Smart Scan Analysis for SEKZAR
Based on a pre-defined weighted trend formula for chart analysis, SEKZAR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).