Forex Trend Analysis Report
Prepared for you on Monday, May 20, 2019.
South Korean Won/Euro (FOREX:KRWEUR)
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 KRWEUR
The long term trend has been DOWN since Apr 25th, 2019 at 0.077182
The intermediate term trend has been DOWN since Apr 8th, 2019 at 0.077535
The short term trend has been UP since May 5th, 2019 at 0.076841
Smart Scan Analysis for KRWEUR
Based on a pre-defined weighted trend formula for chart analysis, KRWEUR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).