Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
US Dollar/South Korean Won (FOREX:USDKRW)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. 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 USDKRW
The long term trend has been UP since Jun 13th, 2018 at 1087.710
The intermediate term trend has been UP since Apr 23rd, 2018 at 1075.130
The short term trend has been UP since Jul 10th, 2018 at 1121.055
Smart Scan Analysis for USDKRW
Based on a pre-defined weighted trend formula for chart analysis, USDKRW scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).