Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2017.
Indian Rupee/South Korean Won (FOREX:INRKRW)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 DOWN since Oct 31st, 2017 at 17.2690
The intermediate term trend has been DOWN since Aug 27th, 2017 at 17.5065
The short term trend has been DOWN since Dec 10th, 2017 at 16.9045
Smart Scan Analysis for INRKRW
Based on a pre-defined weighted trend formula for chart analysis, INRKRW scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).