Forex Trend Analysis Report
Prepared for you on Thursday, December 12, 2019.
US Dollar/South Korean Won (FOREX:USDKRW)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 DOWN since Nov 3rd, 2019 at 1159.475
The intermediate term trend has been UP since Nov 20th, 2019 at 1174.000
The short term trend has been DOWN since Dec 12th, 2019 at 1189.000
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).