Forex Trend Analysis Report
Prepared for you on Monday, May 1, 2017.
Chinese Renminbi Yuan/South Korean Won (FOREX:CNYKRW)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. 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 Apr 9th, 2017 at 165.065
The short term trend has been UP since Apr 28th, 2017 at 164.950
Smart Scan Analysis for CNYKRW
Based on a pre-defined weighted trend formula for chart analysis, CNYKRW scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).