Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
Japanese Yen/South Korean Won (FOREX:JPYKRW)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 JPYKRW
The long term trend has been UP since Jan 2nd, 2019 at 10.2600
The intermediate term trend has been UP since Dec 18th, 2018 at 10.0525
The short term trend has been DOWN since Jan 16th, 2019 at 10.2960
Smart Scan Analysis for JPYKRW
Based on a pre-defined weighted trend formula for chart analysis, JPYKRW scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).