Forex Trend Analysis Report
Prepared for you on Wednesday, May 22, 2019.
US Dollar/Swedish Krona (FOREX:USDSEK)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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 UP since Apr 2nd, 2018 at 8.38439
The intermediate term trend has been UP since Apr 23rd, 2019 at 9.34187
The short term trend has been UP since May 17th, 2019 at 9.65078
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).