Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
South Korean Won/Icelandic Krona (FOREX:KRWISK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 KRWISK
The long term trend has been UP since Aug 16th, 2017 at 0.09460
The intermediate term trend has been DOWN since Jan 15th, 2018 at 0.09685
The short term trend has been DOWN since Jan 12th, 2018 at 0.09755
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).