Forex Trend Analysis Report
Prepared for you on Monday, July 22, 2019.
Singapore Dollar/Swedish Krona (FOREX:SGDSEK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 SGDSEK
The long term trend has been UP since Jan 24th, 2019 at 6.67045
The intermediate term trend has been DOWN since Jun 24th, 2019 at 6.87815
The short term trend has been DOWN since Jul 11th, 2019 at 6.92625
Smart Scan Analysis for SGDSEK
Based on a pre-defined weighted trend formula for chart analysis, SGDSEK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).