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Forex Trend Analysis Report

Prepared for you on Wednesday, October 17, 2018.

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

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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.

FOREX_KRWCNY
Open High Low KRWCNY Price Change
0.615590 0.615875 0.613585 0.614490 -0.001100
Entry Signal

MarketClub’s Trade Triangles for KRWCNY

long term up The long term trend has been UP since Jul 20th, 2018 at 0.600310

intermediate term down The intermediate term trend has been DOWN since Oct 10th, 2018 at 0.605735

short term up The short term trend has been UP since Oct 15th, 2018 at 0.612120

Smart Scan Analysis for KRWCNY

Based on a pre-defined weighted trend formula for chart analysis, KRWCNY scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for KRWCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.615590 0.615875 0.613585 0.614490 -0.001100
Prev. Close Volume Bid Ask Time
0.615590 0.613720 0.615260 2018-10-17 16:57:56
Want to analyze South Korean Won/Chinese Renminbi Yuan KRWCNY or another symbol? Try our Free Forex Trend Analysis Report.