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Forex Trend Analysis Report

Prepared for you on Friday, September 20, 2019.

South Korean Won/Chinese Yuan Renminbi (FOREX:KRWCNY)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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.

FOREX_KRWCNY
Open High Low KRWCNY Price Change
0.595765 0.596540 0.595310 0.596285 +0.000520
Entry Signal

MarketClub’s Trade Triangles for KRWCNY

long term up The long term trend has been UP since Sep 5th, 2019 at 0.596470

intermediate term up The intermediate term trend has been UP since Aug 20th, 2019 at 0.584105

short term down The short term trend has been DOWN since Sep 16th, 2019 at 0.596945

Smart Scan Analysis for KRWCNY

Based on a pre-defined weighted trend formula for chart analysis, KRWCNY scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for KRWCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.595765 0.596540 0.595310 0.596285 +0.000520
Prev. Close Volume Bid Ask Time
0.595765 0.596120 0.596450 2019-09-20 05:37:03
Want to analyze South Korean Won/Chinese Yuan Renminbi KRWCNY or another symbol? Try our Free Forex Trend Analysis Report.