Forex Trend Analysis Report
Prepared for you on Monday, May 22, 2017.
Indian Rupee/South Korean Won (FOREX:INRKRW)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 INRKRW
The long term trend has been UP since Apr 11th, 2017 at 17.780
The intermediate term trend has been DOWN since May 11th, 2017 at 17.478
The short term trend has been DOWN since May 18th, 2017 at 17.407
Smart Scan Analysis for INRKRW
Based on a pre-defined weighted trend formula for chart analysis, INRKRW scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).