Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
South Korean Won/Singapore Dollar (FOREX:KRWSGD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 KRWSGD
The long term trend has been DOWN since Jan 14th, 2019 at 0.001206
The intermediate term trend has been UP since Aug 25th, 2019 at 0.001154
The short term trend has been UP since Oct 11th, 2019 at 0.001157
Smart Scan Analysis for KRWSGD
Based on a pre-defined weighted trend formula for chart analysis, KRWSGD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).