Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
/South Korean Won (FOREX:CNHKRW)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
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 CNHKRW
The long term trend has been DOWN since Jul 20th, 2018 at 167.150
The intermediate term trend has been DOWN since Nov 29th, 2018 at 162.025
The short term trend has been UP since Dec 11th, 2018 at 162.420
Smart Scan Analysis for CNHKRW
Based on a pre-defined weighted trend formula for chart analysis, CNHKRW scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).