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Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
South Korean Won/Chinese Yuan Renminbi (FOREX:KRWCNY)
Countertrend Down (-85) - KRWCNY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Mar 18th, 2024 at 0.00530869
The short-term trend has been UP since Apr 10th, 2024 at 0.00526081
Smart Scan Analysis for KRWCNY
Based on our trend formula, KRWCNY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00514492 | 0.00514492 | 0.00514492 | 0.00514492 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00514492 | 2024-04-20 01:08:56 |