Forex Trend Analysis Report
Prepared for you on Monday, March 18, 2019.
South Korean Won/Australian Dollar (FOREX:KRWAUD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 KRWAUD
The long term trend has been UP since Sep 2nd, 2018 at 0.124875
The intermediate term trend has been DOWN since Mar 18th, 2019 at 0.123895
The short term trend has been DOWN since Mar 8th, 2019 at 0.125150
Smart Scan Analysis for KRWAUD
Based on a pre-defined weighted trend formula for chart analysis, KRWAUD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).