Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
Australian Dollar/South Korean Won (FOREX:AUDKRW)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 DOWN since Sep 2nd, 2018 at 800.815
The intermediate term trend has been DOWN since Aug 10th, 2018 at 823.800
The short term trend has been UP since Sep 17th, 2018 at 808.730
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).