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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South Korean Won/Canadian Dollar (FOREX:KRWCAD)
Sidelines Mode (-55) - KRWCAD 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 KRWCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWCAD.
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 KRWCAD
The long-term trend has been DOWN since Mar 28th, 2024 at 0.00100075
The intermediate-term trend has been UP since May 3rd, 2024 at 0.00100704
The short-term trend has been DOWN since May 8th, 2024 at 0.00100427
Smart Scan Analysis for KRWCAD
Based on our trend formula, KRWCAD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00100401 | 0.00100401 | 0.00100228 | 0.00100255 | -0.00000100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00100401 | 2024-05-09 02:26:11 |