Forex Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
South Korean Won/Canadian Dollar (FOREX:KRWCAD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 KRWCAD
The long term trend has been UP since Nov 28th, 2018 at 0.118215
The intermediate term trend has been DOWN since Jan 7th, 2019 at 0.118110
The short term trend has been DOWN since Jan 14th, 2019 at 0.118100
Smart Scan Analysis for KRWCAD
Based on a pre-defined weighted trend formula for chart analysis, KRWCAD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).