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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Chinese Yuan Renminbi/South Korean Won (FOREX:CNYKRW)

Bull Market Weakness (+75) - CNYKRW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYKRW as it may be in the beginning stages of a reversal.

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

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

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

FOREX_CNYKRW
Open High Low CNYKRW Price Change
185.85142 188.76202 185.82085 186.12018 +0.26876
Entry Signal

MarketClub’s Trade Triangles for CNYKRW

long term down The long-term trend has been DOWN since Nov 3rd, 2023 at 178.97208

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2024 at 188.22083

short term up The short-term trend has been UP since Mar 18th, 2024 at 185.38821

Smart Scan Analysis for CNYKRW

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

+70
Smart Scan Analysis for CNYKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
185.85142 188.76202 185.82085 186.12018 +0.26876
Prev. Close Volume Bid Ask Time
185.85142 2024-03-19 02:34:14
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