Forex Trend Analysis Report
Prepared for you on Sunday, February 18, 2018.
Indian Rupee/South Korean Won (FOREX:INRKRW)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 17.269
The intermediate term trend has been DOWN since Feb 15th, 2018 at 16.653
The short term trend has been DOWN since Feb 14th, 2018 at 16.823
Smart Scan Analysis for INRKRW
Based on a pre-defined weighted trend formula for chart analysis, INRKRW scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).