Forex Trend Analysis Report
Prepared for you on Sunday, February 16, 2020.
Russian Ruble/South Korean Won (FOREX:RUBKRW)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 RUBKRW
The long term trend has been UP since Mar 12th, 2019 at 17.226000
The intermediate term trend has been DOWN since Jan 27th, 2020 at 18.767474
The short term trend has been DOWN since Feb 11th, 2020 at 18.466913
Smart Scan Analysis for RUBKRW
Based on a pre-defined weighted trend formula for chart analysis, RUBKRW scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).