Forex Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
Indian Rupee/South Korean Won (FOREX:INRKRW)
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 INRKRW
The long term trend has been DOWN since Oct 31st, 2017 at 17.2690
The intermediate term trend has been DOWN since Feb 15th, 2018 at 16.6530
The short term trend has been UP since Apr 23rd, 2018 at 16.2255
Smart Scan Analysis for INRKRW
Based on a pre-defined weighted trend formula for chart analysis, INRKRW scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).