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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.

FOREX_INRKRW
Open High Low INRKRW Price Change
16.2355 16.2495 16.1625 16.1810 -0.0545
Entry Signal

MarketClub’s Trade Triangles for INRKRW

long term down The long term trend has been DOWN since Oct 31st, 2017 at 17.2690

intermediate term down The intermediate term trend has been DOWN since Feb 15th, 2018 at 16.6530

short term up 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).

-85
Smart Scan Analysis for INRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.2355 16.2495 16.1625 16.1810 -0.0545
Prev. Close Volume Bid Ask Time
16.2355 16.1630 16.1990 2018-04-25 13:51:49
Want to analyze Indian Rupee/South Korean Won INRKRW or another symbol? Try our Free Forex Trend Analysis Report.