Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
New Zealand Dollar/South Korean Won (FOREX:NZDKRW)
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 NZDKRW
The long term trend has been DOWN since Apr 27th, 2018 at 753.975
The intermediate term trend has been DOWN since Jul 2nd, 2018 at 751.120
The short term trend has been UP since Jul 11th, 2018 at 764.530
Smart Scan Analysis for NZDKRW
Based on a pre-defined weighted trend formula for chart analysis, NZDKRW scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).