Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Canadian Dollar/South Korean Won (FOREX:CADKRW)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 CADKRW
The long term trend has been DOWN since Oct 30th, 2019 at 882.0450
The intermediate term trend has been UP since Jan 5th, 2020 at 900.9213
The short term trend has been UP since Jan 21st, 2020 at 893.9234
Smart Scan Analysis for CADKRW
Based on a pre-defined weighted trend formula for chart analysis, CADKRW scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).