Forex Trend Analysis Report
Prepared for you on Sunday, December 17, 2017.
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 negative trend to resume. Downtrend 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 DOWN since Nov 1st, 2017 at 1299.065
The intermediate term trend has been DOWN since Oct 5th, 2017 at 1338.220
The short term trend has been UP since Dec 14th, 2017 at 1284.770
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).