Forex Trend Analysis Report
Prepared for you on Monday, April 24, 2017.
Indian Rupee/South Korean Won (FOREX:INRKRW)
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 INRKRW
The long term trend has been UP since Apr 11th, 2017 at 17.780
The intermediate term trend has been UP since Mar 2nd, 2017 at 17.271
The short term trend has been DOWN since Apr 24th, 2017 at 17.545
Smart Scan Analysis for INRKRW
Based on a pre-defined weighted trend formula for chart analysis, INRKRW scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).