Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
South Korean Won/Indian Rupee (FOREX:KRWINR)
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 KRWINR
The long term trend has been UP since Aug 29th, 2018 at 6.38290
The intermediate term trend has been DOWN since Oct 18th, 2018 at 6.46195
The short term trend has been DOWN since Nov 7th, 2018 at 6.47595
Smart Scan Analysis for KRWINR
Based on a pre-defined weighted trend formula for chart analysis, KRWINR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).