Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
US Dollar/South Korean Won (FOREX:USDKRW)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 USDKRW
The long term trend has been UP since Jun 13th, 2018 at 1087.71
The intermediate term trend has been DOWN since Nov 2nd, 2018 at 1122.25
The short term trend has been DOWN since Nov 15th, 2018 at 1128.61
Smart Scan Analysis for USDKRW
Based on a pre-defined weighted trend formula for chart analysis, USDKRW scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).