Forex Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
US Dollar/South Korean Won (FOREX:USDKRW)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Sep 9th, 2018 at 1128.90
The short term trend has been DOWN since Sep 19th, 2018 at 1120.95
Smart Scan Analysis for USDKRW
Based on a pre-defined weighted trend formula for chart analysis, USDKRW scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).