Forex Trend Analysis Report
Prepared for you on Saturday, November 17, 2018.
South African Rand/South Korean Won (FOREX:ZARKRW)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 ZARKRW
The long term trend has been DOWN since May 1st, 2018 at 85.6265
The intermediate term trend has been UP since Sep 24th, 2018 at 78.6020
The short term trend has been UP since Nov 15th, 2018 at 79.2925
Smart Scan Analysis for ZARKRW
Based on a pre-defined weighted trend formula for chart analysis, ZARKRW scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).