Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
US Dollar/South Korean Won (FOREX:USDKRW)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 USDKRW
The long term trend has been UP since Mar 7th, 2019 at 1135.25
The intermediate term trend has been UP since Jul 17th, 2019 at 1184.14
The short term trend has been DOWN since Aug 13th, 2019 at 1209.05
Smart Scan Analysis for USDKRW
Based on a pre-defined weighted trend formula for chart analysis, USDKRW scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).