Forex Trend Analysis Report
Prepared for you on Friday, August 17, 2018.
South Korean Won/Chinese Renminbi Yuan (FOREX:KRWCNY)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Jul 20th, 2018 at 0.600310
The intermediate term trend has been UP since Jul 2nd, 2018 at 0.596935
The short term trend has been UP since Aug 14th, 2018 at 0.608320
Smart Scan Analysis for KRWCNY
Based on a pre-defined weighted trend formula for chart analysis, KRWCNY scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).