Forex Trend Analysis Report
Prepared for you on Sunday, December 9, 2018.
Swiss Franc/South Korean Won (FOREX:CHFKRW)
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 CHFKRW
The long term trend has been DOWN since Nov 1st, 2018 at 1121.8
The intermediate term trend has been DOWN since Dec 2nd, 2018 at 1118.4
The short term trend has been UP since Dec 5th, 2018 at 1123.0
Smart Scan Analysis for CHFKRW
Based on a pre-defined weighted trend formula for chart analysis, CHFKRW scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).