Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
South Korean Won/Swiss Franc (FOREX:KRWCHF)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 KRWCHF
The long term trend has been DOWN since May 2nd, 2019 at 0.087100
The intermediate term trend has been DOWN since Jul 8th, 2019 at 0.083921
The short term trend has been UP since Jul 17th, 2019 at 0.083900
Smart Scan Analysis for KRWCHF
Based on a pre-defined weighted trend formula for chart analysis, KRWCHF scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).