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.
MarketClub’s Trade Triangles for KRWCNY
The long term trend has been UP since Nov 16th, 2017 at 0.601655
The intermediate term trend has been DOWN since Jan 15th, 2018 at 0.607300
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).