Forex Trend Analysis Report
Prepared for you on Friday, January 19, 2018.
South Korean Won/Indian Rupee (FOREX:KRWINR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 Dec 25th, 2017 at 5.95490
The short term trend has been DOWN since Jan 18th, 2018 at 5.96175
Smart Scan Analysis for KRWINR
Based on a pre-defined weighted trend formula for chart analysis, KRWINR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).