Forex Trend Analysis Report
Prepared for you on Monday, January 22, 2018.
US Dollar/South Korean Won (FOREX:USDKRW)
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 USDKRW
The long term trend has been DOWN since Jul 26th, 2017 at 1111.65
The intermediate term trend has been DOWN since Oct 13th, 2017 at 1125.85
The short term trend has been UP since Jan 16th, 2018 at 1065.83
Smart Scan Analysis for USDKRW
Based on a pre-defined weighted trend formula for chart analysis, USDKRW scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).