Forex Trend Analysis Report
Prepared for you on Monday, October 23, 2017.
South Korean Won/Icelandic Krona (FOREX:KRWISK)
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 KRWISK
The long term trend has been UP since Aug 16th, 2017 at 0.0946
The intermediate term trend has been UP since Oct 23rd, 2017 at 0.0936
The short term trend has been UP since Oct 13th, 2017 at 0.0933
Smart Scan Analysis for KRWISK
Based on a pre-defined weighted trend formula for chart analysis, KRWISK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).