Forex Trend Analysis Report
Prepared for you on Thursday, December 12, 2019.
US Dollar/Swedish Krona (FOREX:USDSEK)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 USDSEK
The long term trend has been DOWN since Dec 2nd, 2019 at 9.539790
The intermediate term trend has been DOWN since Nov 29th, 2019 at 9.540445
The short term trend has been DOWN since Dec 11th, 2019 at 9.490100
Smart Scan Analysis for USDSEK
Based on a pre-defined weighted trend formula for chart analysis, USDSEK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).