Forex Trend Analysis Report
Prepared for you on Friday, November 22, 2019.
South Korean Won/Euro (FOREX:KRWEUR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 0.07657500
The intermediate term trend has been DOWN since Nov 21st, 2019 at 0.07658540
The short term trend has been DOWN since Nov 11th, 2019 at 0.07788893
Smart Scan Analysis for KRWEUR
Based on a pre-defined weighted trend formula for chart analysis, KRWEUR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).