Forex Trend Analysis Report
Prepared for you on Friday, August 18, 2017.
Chinese Renminbi Yuan/South Korean Won (FOREX:CNYKRW)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 CNYKRW
The long term trend has been UP since Dec 22nd, 2016 at 173.545
The intermediate term trend has been UP since Aug 7th, 2017 at 168.325
The short term trend has been UP since Aug 17th, 2017 at 171.485
Smart Scan Analysis for CNYKRW
Based on a pre-defined weighted trend formula for chart analysis, CNYKRW scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).