Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
Singapore Dollar/Swedish Krona (FOREX:SGDSEK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 SGDSEK
The long term trend has been UP since Jan 24th, 2019 at 6.67045
The intermediate term trend has been UP since Apr 23rd, 2019 at 6.88800
The short term trend has been DOWN since May 13th, 2019 at 7.04570
Smart Scan Analysis for SGDSEK
Based on a pre-defined weighted trend formula for chart analysis, SGDSEK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).