Forex Trend Analysis Report
Prepared for you on Sunday, April 22, 2018.
Chinese Renminbi Yuan/South Korean Won (FOREX:CNYKRW)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 Feb 1st, 2018 at 170.290
The intermediate term trend has been DOWN since Apr 3rd, 2018 at 168.005
The short term trend has been UP since Apr 20th, 2018 at 170.200
Smart Scan Analysis for CNYKRW
Based on a pre-defined weighted trend formula for chart analysis, CNYKRW scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).