Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
South Korean Won/Brazilian Real (FOREX:KRWBRL)
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 KRWBRL
The long term trend has been DOWN since Oct 8th, 2018 at 0.003280
The intermediate term trend has been UP since Nov 6th, 2018 at 0.003353
The short term trend has been DOWN since Dec 7th, 2018 at 0.003443
Smart Scan Analysis for KRWBRL
Based on a pre-defined weighted trend formula for chart analysis, KRWBRL scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).