Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
South Korean Won/Euro (FOREX:KRWEUR)
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.
MarketClub’s Trade Triangles for KRWEUR
The long term trend has been UP since Nov 2nd, 2018 at 0.078186
The intermediate term trend has been DOWN since Jan 8th, 2019 at 0.077522
The short term trend has been UP since Jan 11th, 2019 at 0.078017
Smart Scan Analysis for KRWEUR
Based on a pre-defined weighted trend formula for chart analysis, KRWEUR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).