Forex Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
Indian Rupee/South Korean Won (FOREX:INRKRW)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Apr 11th, 2017 at 17.7800
The intermediate term trend has been DOWN since Aug 27th, 2017 at 17.5065
The short term trend has been UP since Oct 15th, 2017 at 17.4435
Smart Scan Analysis for INRKRW
Based on a pre-defined weighted trend formula for chart analysis, INRKRW scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).