Forex Trend Analysis Report
Prepared for you on Friday, April 20, 2018.
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 DOWN since Feb 2nd, 2018 at 0.09235
The intermediate term trend has been UP since Apr 4th, 2018 at 0.09400
The short term trend has been UP since Apr 12th, 2018 at 0.09255
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).