Forex Trend Analysis Report
Prepared for you on Wednesday, August 22, 2018.
Japanese Yen/South Korean Won (FOREX:JPYKRW)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 JPYKRW
The long term trend has been UP since Jul 23rd, 2018 at 10.2185
The intermediate term trend has been UP since Aug 10th, 2018 at 10.2295
The short term trend has been DOWN since Aug 17th, 2018 at 10.1330
Smart Scan Analysis for JPYKRW
Based on a pre-defined weighted trend formula for chart analysis, JPYKRW scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).