Forex Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
Swiss Franc/South Korean Won (FOREX:CHFKRW)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 CHFKRW
The long term trend has been UP since May 2nd, 2019 at 1147.40
The intermediate term trend has been UP since Jul 8th, 2019 at 1191.30
The short term trend has been DOWN since Aug 13th, 2019 at 1240.75
Smart Scan Analysis for CHFKRW
Based on a pre-defined weighted trend formula for chart analysis, CHFKRW scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).