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Forex Trend Analysis Report

Prepared for you on Friday, October 18, 2019.

Indian Rupee/South Korean Won (FOREX:INRKRW)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_INRKRW
Open High Low INRKRW Price Change
16.602751 16.633472 16.494803 16.583635 -0.019116
Entry Signal

MarketClub’s Trade Triangles for INRKRW

long term down The long term trend has been DOWN since Sep 5th, 2019 at 16.5695

intermediate term down The intermediate term trend has been DOWN since Oct 13th, 2019 at 16.6680

short term down The short term trend has been DOWN since Oct 1st, 2019 at 16.9135

Smart Scan Analysis for INRKRW

Based on a pre-defined weighted trend formula for chart analysis, INRKRW scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for INRKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
16.602751 16.633472 16.494803 16.583635 -0.019116
Prev. Close Volume Bid Ask Time
16.602751 16.569582 16.597688 2019-10-17 23:07:25
Want to analyze Indian Rupee/South Korean Won INRKRW or another symbol? Try our Free Forex Trend Analysis Report.