Forex Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
South Korean Won/Icelandic Krona (FOREX:KRWISK)
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 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 DOWN since Aug 17th, 2018 at 0.09605
Smart Scan Analysis for KRWISK
Based on a pre-defined weighted trend formula for chart analysis, KRWISK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).