Forex Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
US Dollar/South Korean Won (FOREX:USDKRW)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines 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 USDKRW
The long term trend has been DOWN since Dec 4th, 2018 at 1107.55
The intermediate term trend has been DOWN since Jan 27th, 2019 at 1113.60
The short term trend has been UP since Feb 14th, 2019 at 1127.19
Smart Scan Analysis for USDKRW
Based on a pre-defined weighted trend formula for chart analysis, USDKRW scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).