Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
South Korean Won/US Dollar (FOREX:KRWUSD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 KRWUSD
The long term trend has been UP since Dec 4th, 2018 at 0.090290
The intermediate term trend has been UP since Nov 2nd, 2018 at 0.089099
The short term trend has been DOWN since Jan 13th, 2019 at 0.089029
Smart Scan Analysis for KRWUSD
Based on a pre-defined weighted trend formula for chart analysis, KRWUSD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).