Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
Euro/South Korean Won (FOREX:EURKRW)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Jul 23rd, 2018 at 1329.39
The intermediate term trend has been UP since Oct 10th, 2018 at 1320.10
The short term trend has been DOWN since Oct 15th, 2018 at 1306.50
Smart Scan Analysis for EURKRW
Based on a pre-defined weighted trend formula for chart analysis, EURKRW scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).