Forex Trend Analysis Report
Prepared for you on Thursday, October 18, 2018.
South Korean Won/Japanese Yen (FOREX:KRWJPY)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 KRWJPY
The long term trend has been UP since Oct 1st, 2018 at 10.26700
The intermediate term trend has been DOWN since Oct 10th, 2018 at 9.88465
The short term trend has been DOWN since Oct 18th, 2018 at 9.83600
Smart Scan Analysis for KRWJPY
Based on a pre-defined weighted trend formula for chart analysis, KRWJPY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).