Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
South Korean Won/New Zealand Dollar (FOREX:KRWNZD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 KRWNZD
The long term trend has been DOWN since Feb 1st, 2018 at 0.126295
The intermediate term trend has been UP since Feb 26th, 2018 at 0.127960
The short term trend has been DOWN since Mar 22nd, 2018 at 0.128295
Smart Scan Analysis for KRWNZD
Based on a pre-defined weighted trend formula for chart analysis, KRWNZD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).