Forex Trend Analysis Report
Prepared for you on Monday, March 25, 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 DOWN since Jan 29th, 2019 at 1.49950
The intermediate term trend has been UP since Feb 20th, 2019 at 1.53160
The short term trend has been DOWN since Mar 20th, 2019 at 1.55585
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).