Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
Australian Dollar/South Korean Won (FOREX:AUDKRW)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 AUDKRW
The long term trend has been UP since Dec 2nd, 2018 at 826.785
The intermediate term trend has been DOWN since Dec 4th, 2018 at 814.150
The short term trend has been UP since Dec 10th, 2018 at 812.240
Smart Scan Analysis for AUDKRW
Based on a pre-defined weighted trend formula for chart analysis, AUDKRW scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).