Forex Trend Analysis Report
Prepared for you on Thursday, November 15, 2018.
South Korean Won/New Zealand Dollar (FOREX:KRWNZD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 KRWNZD
The long term trend has been DOWN since Nov 11th, 2018 at 0.130940
The intermediate term trend has been DOWN since Oct 15th, 2018 at 0.133940
The short term trend has been DOWN since Nov 6th, 2018 at 0.133075
Smart Scan Analysis for KRWNZD
Based on a pre-defined weighted trend formula for chart analysis, KRWNZD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).