Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
South Korean Won/Canadian Dollar (FOREX:KRWCAD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 KRWCAD
The long term trend has been DOWN since Mar 1st, 2019 at 0.116700
The intermediate term trend has been UP since Sep 6th, 2019 at 0.110995
The short term trend has been DOWN since Sep 17th, 2019 at 0.111390
Smart Scan Analysis for KRWCAD
Based on a pre-defined weighted trend formula for chart analysis, KRWCAD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).