Forex Trend Analysis Report
Prepared for you on Sunday, May 27, 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 Oct 24th, 2017 at 872.430
The intermediate term trend has been UP since May 21st, 2018 at 815.155
The short term trend has been DOWN since May 25th, 2018 at 813.610
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).