Forex Trend Analysis Report
Prepared for you on Sunday, October 21, 2018.
South Korean Won/Icelandic Krona (FOREX:KRWISK)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 May 4th, 2018 at 0.09510
The intermediate term trend has been UP since Aug 6th, 2018 at 0.09520
The short term trend has been UP since Sep 28th, 2018 at 0.10005
Smart Scan Analysis for KRWISK
Based on a pre-defined weighted trend formula for chart analysis, KRWISK scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).