Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
South Korean Won/Japanese Yen (FOREX:KRWJPY)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 10.2670
The intermediate term trend has been UP since Nov 2nd, 2018 at 10.1005
The short term trend has been DOWN since Dec 5th, 2018 at 10.1205
Smart Scan Analysis for KRWJPY
Based on a pre-defined weighted trend formula for chart analysis, KRWJPY scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).