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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Canadian Dollar/South Korean Won (FOREX:CADKRW)
Sidelines Mode (+55) - CADKRW is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CADKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CADKRW
The long-term trend has been UP since Apr 10th, 2024 at 999.1208
The intermediate-term trend has been DOWN since May 3rd, 2024 at 992.9965
The short-term trend has been UP since May 8th, 2024 at 994.7521
Smart Scan Analysis for CADKRW
Based on our trend formula, CADKRW is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 996.1856 | 998.8566 | 996.1272 | 998.7258 | +2.5402 |
| Prev. Close | Volume | Bid | Ask | Time |
| 996.1856 | 2024-05-09 04:40:11 |