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.
MarketClub’s Trade Triangles for KRWCNY
The long term trend has been UP since Sep 5th, 2019 at 0.596470
The intermediate term trend has been UP since Aug 20th, 2019 at 0.584105
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).