Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
Japanese Yen/South Korean Won (FOREX:JPYKRW)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 JPYKRW
The long term trend has been DOWN since Oct 1st, 2018 at 9.74025
The intermediate term trend has been UP since Oct 10th, 2018 at 10.11650
The short term trend has been DOWN since Oct 22nd, 2018 at 10.03150
Smart Scan Analysis for JPYKRW
Based on a pre-defined weighted trend formula for chart analysis, JPYKRW scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).