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Forex Trend Analysis Report

Prepared for you on Thursday, January 18, 2018.

South Korean Won/Chinese Renminbi Yuan (FOREX:KRWCNY)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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.

FOREX_KRWCNY
Open High Low KRWCNY Price Change
0.602295 0.602545 0.599185 0.600180 -0.002115
Entry Signal

MarketClub’s Trade Triangles for KRWCNY

long term up The long term trend has been UP since Nov 16th, 2017 at 0.601655

intermediate term down The intermediate term trend has been DOWN since Jan 15th, 2018 at 0.607300

short term down The short term trend has been DOWN since Jan 8th, 2018 at 0.609680

Smart Scan Analysis for KRWCNY

Based on a pre-defined weighted trend formula for chart analysis, KRWCNY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for KRWCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.602295 0.602545 0.599185 0.600180 -0.002115
Prev. Close Volume Bid Ask Time
0.602295 0.599420 0.600940 2018-01-18 22:05:37
Want to analyze South Korean Won/Chinese Renminbi Yuan KRWCNY or another symbol? Try our Free Forex Trend Analysis Report.