Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
South Korean Won/Euro (FOREX:KRWEUR)
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 KRWEUR
The long term trend has been UP since Sep 12th, 2019 at 0.076575
The intermediate term trend has been UP since Aug 30th, 2019 at 0.075124
The short term trend has been DOWN since Sep 17th, 2019 at 0.075976
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).