Forex Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
South Korean Won/Canadian Dollar (FOREX:KRWCAD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 KRWCAD
The long term trend has been UP since Oct 25th, 2017 at 0.113280
The intermediate term trend has been DOWN since Jun 19th, 2018 at 0.118870
The short term trend has been UP since Jun 20th, 2018 at 0.119875
Smart Scan Analysis for KRWCAD
Based on a pre-defined weighted trend formula for chart analysis, KRWCAD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).