Forex Trend Analysis Report
Prepared for you on Sunday, June 24, 2018.
South Korean Won/New Zealand Dollar (FOREX:KRWNZD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 KRWNZD
The long term trend has been UP since Apr 27th, 2018 at 0.132595
The intermediate term trend has been DOWN since Jun 11th, 2018 at 0.131900
The short term trend has been UP since Jun 20th, 2018 at 0.130830
Smart Scan Analysis for KRWNZD
Based on a pre-defined weighted trend formula for chart analysis, KRWNZD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).