Forex Trend Analysis Report
Prepared for you on Thursday, June 20, 2019.
South Korean Won/Chinese Yuan Renminbi (FOREX:KRWCNY)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 DOWN since Jan 10th, 2019 at 0.60481
The intermediate term trend has been UP since May 23rd, 2019 at 0.58120
The short term trend has been UP since Jun 18th, 2019 at 0.58521
Smart Scan Analysis for KRWCNY
Based on a pre-defined weighted trend formula for chart analysis, KRWCNY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).