Forex Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
Chinese Renminbi Yuan/South Korean Won (FOREX:CNYKRW)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 Dec 22nd, 2016 at 173.545
The intermediate term trend has been DOWN since Sep 25th, 2017 at 171.010
The short term trend has been DOWN since Oct 12th, 2017 at 171.710
Smart Scan Analysis for CNYKRW
Based on a pre-defined weighted trend formula for chart analysis, CNYKRW scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).