Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
South Korean Won/New Zealand Dollar (FOREX:KRWNZD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 KRWNZD
The long term trend has been DOWN since Nov 11th, 2018 at 0.130940
The intermediate term trend has been DOWN since Jan 14th, 2019 at 0.130570
The short term trend has been UP since Jan 16th, 2019 at 0.131545
Smart Scan Analysis for KRWNZD
Based on a pre-defined weighted trend formula for chart analysis, KRWNZD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).