Forex Trend Analysis Report
Prepared for you on Wednesday, March 21, 2018.
Euro/South Korean Won (FOREX:EURKRW)
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 EURKRW
The long term trend has been UP since Feb 1st, 2018 at 1332.630
The intermediate term trend has been DOWN since Feb 21st, 2018 at 1321.695
The short term trend has been UP since Mar 19th, 2018 at 1321.980
Smart Scan Analysis for EURKRW
Based on a pre-defined weighted trend formula for chart analysis, EURKRW scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).