Forex Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
Chinese Renminbi Yuan/South Korean Won (FOREX:CNYKRW)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 CNYKRW
The long term trend has been UP since Jun 18th, 2018 at 171.895
The intermediate term trend has been UP since Jun 14th, 2018 at 170.205
The short term trend has been DOWN since Jun 20th, 2018 at 170.935
Smart Scan Analysis for CNYKRW
Based on a pre-defined weighted trend formula for chart analysis, CNYKRW scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).