Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Indian Rupee/South Korean Won (FOREX:INRKRW)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 INRKRW
The long term trend has been UP since Jan 6th, 2019 at 16.1320
The intermediate term trend has been DOWN since Jan 14th, 2019 at 15.7935
The short term trend has been UP since Feb 20th, 2019 at 15.8110
Smart Scan Analysis for INRKRW
Based on a pre-defined weighted trend formula for chart analysis, INRKRW scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).