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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South Korean Won/Chinese Yuan Renminbi (FOREX:KRWCNY)
Sidelines Mode (-55) - KRWCNY 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 KRWCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWCNY.
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 KRWCNY
The long-term trend has been DOWN since Sep 26th, 2023 at 0.00531946
The intermediate-term trend has been UP since May 6th, 2024 at 0.00522979
The short-term trend has been DOWN since May 8th, 2024 at 0.00518871
Smart Scan Analysis for KRWCNY
Based on our trend formula, KRWCNY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00519704 | 0.00519704 | 0.00517796 | 0.00517939 | -0.00001800 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00519704 | 2024-05-09 01:32:26 |