Forex Trend Analysis Report
Prepared for you on Saturday, June 23, 2018.
South Korean Won/Chinese Renminbi Yuan (FOREX:KRWCNY)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 KRWCNY
The long term trend has been DOWN since Jun 18th, 2018 at 0.581750
The intermediate term trend has been DOWN since Jun 14th, 2018 at 0.587525
The short term trend has been UP since Jun 20th, 2018 at 0.585025
Smart Scan Analysis for KRWCNY
Based on a pre-defined weighted trend formula for chart analysis, KRWCNY scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).