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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

South Korean Won/Japanese Yen (FOREX:KRWJPY)

Long-Term Downtrend (-90) - KRWJPY is in a strong downtrend that is likely to continue. While KRWJPY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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

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

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

FOREX_KRWJPY
Open High Low KRWJPY Price Change
0.11184627 0.11200467 0.11184627 0.11200089 +0.00015500
Entry Signal

MarketClub’s Trade Triangles for KRWJPY

long term down The long-term trend has been DOWN since Dec 7th, 2023 at 0.10820567

intermediate term down The intermediate-term trend has been DOWN since Mar 6th, 2024 at 0.11178612

short term down The short-term trend has been DOWN since Mar 14th, 2024 at 0.11156085

Smart Scan Analysis for KRWJPY

Based on our trend formula, KRWJPY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for KRWJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11184627 0.11200467 0.11184627 0.11200089 +0.00015500
Prev. Close Volume Bid Ask Time
0.11184627 2024-03-19 00:20:01
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