Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
Euro/South Korean Won (FOREX:EURKRW)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 EURKRW
The long term trend has been DOWN since May 2nd, 2018 at 1290.39
The intermediate term trend has been UP since Jun 13th, 2018 at 1275.48
The short term trend has been UP since Jul 2nd, 2018 at 1302.88
Smart Scan Analysis for EURKRW
Based on a pre-defined weighted trend formula for chart analysis, EURKRW scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).