Forex Trend Analysis Report
Prepared for you on Monday, June 26, 2017.
Chinese Renminbi Yuan/South Korean Won (FOREX:CNYKRW)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Jun 5th, 2017 at 165.205
The short term trend has been DOWN since Jun 23rd, 2017 at 166.290
Smart Scan Analysis for CNYKRW
Based on a pre-defined weighted trend formula for chart analysis, CNYKRW scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).