Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Swiss Franc/South Korean Won (FOREX:CHFKRW)
Sidelines Mode (+55) - CHFKRW 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 CHFKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CHFKRW
The long-term trend has been UP since Jan 16th, 2024 at 1554.8556
The intermediate-term trend has been DOWN since May 6th, 2024 at 1492.3476
The short-term trend has been UP since May 8th, 2024 at 1505.3397
Smart Scan Analysis for CHFKRW
Based on our trend formula, CHFKRW is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1505.1909 | 1506.2053 | 1504.7661 | 1506.1268 | +0.9359 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1505.1909 | 2024-05-09 01:13:28 |