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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.

FOREX_INRKRW
Open High Low INRKRW Price Change
17.3135 17.3745 17.2785 17.2995 -0.0140
Entry Signal

MarketClub’s Trade Triangles for INRKRW

long term up The long term trend has been UP since Apr 11th, 2017 at 17.780

intermediate term down The intermediate term trend has been DOWN since May 11th, 2017 at 17.478

short term down 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).

-60
Smart Scan Analysis for INRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.3135 17.3745 17.2785 17.2995 -0.0140
Prev. Close Volume Bid Ask Time
17.3135 17.2790 17.3200 2017-05-22 21:08:48
Want to analyze Indian Rupee/South Korean Won INRKRW or another symbol? Try our Free Forex Trend Analysis Report.