Forex Trend Analysis Report
Prepared for you on Saturday, September 22, 2018.
New Zealand Dollar/South Korean Won (FOREX:NZDKRW)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 NZDKRW
The long term trend has been DOWN since Apr 27th, 2018 at 753.975
The intermediate term trend has been UP since Sep 20th, 2018 at 746.495
The short term trend has been UP since Sep 17th, 2018 at 738.605
Smart Scan Analysis for NZDKRW
Based on a pre-defined weighted trend formula for chart analysis, NZDKRW scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).