Forex Trend Analysis Report
Prepared for you on Saturday, April 21, 2018.
South Korean Won/Chinese Renminbi Yuan (FOREX:KRWCNY)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 KRWCNY
The long term trend has been DOWN since Feb 1st, 2018 at 0.587240
The intermediate term trend has been UP since Apr 3rd, 2018 at 0.595255
The short term trend has been DOWN since Apr 20th, 2018 at 0.587560
Smart Scan Analysis for KRWCNY
Based on a pre-defined weighted trend formula for chart analysis, KRWCNY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).