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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.

FOREX_USDSEK
Open High Low USDSEK Price Change
9.385620 9.415250 9.374010 9.409905 +0.024285
Entry Signal

MarketClub’s Trade Triangles for USDSEK

long term down The long term trend has been DOWN since Dec 2nd, 2019 at 9.539790

intermediate term down The intermediate term trend has been DOWN since Nov 29th, 2019 at 9.540445

short term down 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).

-90
Smart Scan Analysis for USDSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.385620 9.415250 9.374010 9.409905 +0.024285
Prev. Close Volume Bid Ask Time
9.385620 9.408150 9.411660 2019-12-12 14:15:13
Want to analyze US Dollar/Swedish Krona USDSEK or another symbol? Try our Free Forex Trend Analysis Report.