Forex Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
South Korean Won/US Dollar (FOREX:KRWUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 KRWUSD
The long term trend has been UP since Nov 3rd, 2019 at 0.08623670
The intermediate term trend has been UP since Jan 13th, 2020 at 0.08690561
The short term trend has been DOWN since Jan 16th, 2020 at 0.08627836
Smart Scan Analysis for KRWUSD
Based on a pre-defined weighted trend formula for chart analysis, KRWUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).