Forex Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
South Korean Won/Euro (FOREX:KRWEUR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 KRWEUR
The long term trend has been DOWN since Apr 25th, 2019 at 0.077182
The intermediate term trend has been DOWN since Jul 14th, 2019 at 0.075212
The short term trend has been UP since Jul 16th, 2019 at 0.075445
Smart Scan Analysis for KRWEUR
Based on a pre-defined weighted trend formula for chart analysis, KRWEUR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).