Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
New Zealand Dollar/South Korean Won (FOREX:NZDKRW)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 NZDKRW
The long term trend has been UP since Dec 2nd, 2019 at 768.7250
The intermediate term trend has been DOWN since Jan 13th, 2020 at 764.9075
The short term trend has been UP since Jan 21st, 2020 at 770.8001
Smart Scan Analysis for NZDKRW
Based on a pre-defined weighted trend formula for chart analysis, NZDKRW scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).