Forex Trend Analysis Report
Prepared for you on Saturday, October 19, 2019.
Russian Ruble/South Korean Won (FOREX:RUBKRW)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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 RUBKRW
The long term trend has been UP since Mar 12th, 2019 at 17.226000
The intermediate term trend has been UP since Sep 15th, 2019 at 18.450000
The short term trend has been DOWN since Oct 17th, 2019 at 18.391982
Smart Scan Analysis for RUBKRW
Based on a pre-defined weighted trend formula for chart analysis, RUBKRW scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).