Forex Trend Analysis Report
Prepared for you on Thursday, September 19, 2019.
Euro/South Korean Won (FOREX:EURKRW)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 EURKRW
The long term trend has been DOWN since Sep 12th, 2019 at 1306.0
The intermediate term trend has been DOWN since Aug 30th, 2019 at 1331.0
The short term trend has been UP since Sep 16th, 2019 at 1309.6
Smart Scan Analysis for EURKRW
Based on a pre-defined weighted trend formula for chart analysis, EURKRW scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).