Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

South Korean Won/US Dollar (FOREX:KRWUSD)

Weak Downtrend (-65) - KRWUSD is showing signs of a strengthening downtrend. Monitor KRWUSD as it may be building momentum to the downside.

Is it time to buy, sell, or avoid KRWUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for KRWUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_KRWUSD
Open High Low KRWUSD Price Change
0.00073142 0.00073335 0.00072881 0.00073305 +0.00000200
Entry Signal

MarketClub’s Trade Triangles for KRWUSD

long term down The long-term trend has been DOWN since Mar 27th, 2024 at 0.00074038

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2024 at 0.00074759

short term down The short-term trend has been DOWN since May 7th, 2024 at 0.00073291

Smart Scan Analysis for KRWUSD

Based on our trend formula, KRWUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for KRWUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00073142 0.00073335 0.00072881 0.00073305 +0.00000200
Prev. Close Volume Bid Ask Time
0.00073142 2024-05-09 12:43:51
Get a free daily analysis and signals for South Korean Won/US Dollar (KRWUSD) - Request Your Free Report.