Forex Trend Analysis Report
Prepared for you on Monday, November 20, 2017.
US Dollar/South Korean Won (FOREX:USDKRW)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 1111.650
The intermediate term trend has been DOWN since Oct 13th, 2017 at 1125.850
The short term trend has been DOWN since Nov 14th, 2017 at 1116.305
Smart Scan Analysis for USDKRW
Based on a pre-defined weighted trend formula for chart analysis, USDKRW scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).