Forex Trend Analysis Report
Prepared for you on Monday, October 23, 2017.
South Korean Won/Canadian Dollar (FOREX:KRWCAD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 DOWN since Jun 27th, 2017 at 0.115725
The intermediate term trend has been UP since Oct 2nd, 2017 at 0.109340
The short term trend has been UP since Oct 20th, 2017 at 0.111170
Smart Scan Analysis for KRWCAD
Based on a pre-defined weighted trend formula for chart analysis, KRWCAD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).