Forex Trend Analysis Report
Prepared for you on Sunday, April 21, 2019.
New Zealand Dollar/South Korean Won (FOREX:NZDKRW)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 NZDKRW
The long term trend has been UP since Nov 11th, 2018 at 763.745
The intermediate term trend has been DOWN since Apr 1st, 2019 at 769.270
The short term trend has been UP since Apr 16th, 2019 at 769.170
Smart Scan Analysis for NZDKRW
Based on a pre-defined weighted trend formula for chart analysis, NZDKRW scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).