Forex Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
South African Rand/South Korean Won (FOREX:ZARKRW)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 ZARKRW
The long term trend has been DOWN since Mar 31st, 2017 at 82.6430
The intermediate term trend has been DOWN since Sep 18th, 2017 at 85.3095
The short term trend has been UP since Nov 17th, 2017 at 77.7355
Smart Scan Analysis for ZARKRW
Based on a pre-defined weighted trend formula for chart analysis, ZARKRW scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).