Forex Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
South Korean Won/Indian Rupee (FOREX:KRWINR)
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 KRWINR
The long term trend has been DOWN since Jan 7th, 2019 at 6.19835
The intermediate term trend has been DOWN since Mar 5th, 2019 at 6.27785
The short term trend has been UP since Mar 26th, 2019 at 6.11900
Smart Scan Analysis for KRWINR
Based on a pre-defined weighted trend formula for chart analysis, KRWINR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).