Forex Trend Analysis Report
Prepared for you on Monday, April 23, 2018.
South Korean Won/Indian Rupee (FOREX:KRWINR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 KRWINR
The long term trend has been UP since Oct 31st, 2017 at 5.79065
The intermediate term trend has been UP since Mar 29th, 2018 at 6.12535
The short term trend has been DOWN since Apr 23rd, 2018 at 6.16955
Smart Scan Analysis for KRWINR
Based on a pre-defined weighted trend formula for chart analysis, KRWINR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).