Forex Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
Canadian Dollar/South Korean Won (FOREX:CADKRW)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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 CADKRW
The long term trend has been DOWN since Oct 25th, 2017 at 882.515
The intermediate term trend has been DOWN since Feb 15th, 2018 at 853.905
The short term trend has been DOWN since Feb 6th, 2018 at 869.370
Smart Scan Analysis for CADKRW
Based on a pre-defined weighted trend formula for chart analysis, CADKRW scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).