Forex Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
South Korean Won/Canadian Dollar (FOREX:KRWCAD)
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 KRWCAD
The long term trend has been UP since Oct 25th, 2017 at 0.113280
The intermediate term trend has been DOWN since Apr 9th, 2018 at 0.118705
The short term trend has been UP since Apr 17th, 2018 at 0.117800
Smart Scan Analysis for KRWCAD
Based on a pre-defined weighted trend formula for chart analysis, KRWCAD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).