Forex Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
South African Rand/South Korean Won (FOREX:ZARKRW)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 UP since Jan 18th, 2018 at 87.7535
The intermediate term trend has been DOWN since Apr 4th, 2018 at 88.7905
The short term trend has been DOWN since Apr 20th, 2018 at 88.5955
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).