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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

US Dollar/South Korean Won (FOREX:USDKRW)

Crossroads (+60) - USDKRW is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_USDKRW
Open High Low USDKRW Price Change
1337.870 1340.905 1337.610 1338.940 +1.070
Entry Signal

MarketClub’s Trade Triangles for USDKRW

long term down The long-term trend has been DOWN since Dec 28th, 2023 at 1283.885

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2024 at 1337.540

short term up The short-term trend has been UP since Mar 13th, 2024 at 1317.290

Smart Scan Analysis for USDKRW

Based on our trend formula, USDKRW is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for USDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1337.870 1340.905 1337.610 1338.940 +1.070
Prev. Close Volume Bid Ask Time
1337.870 2024-03-19 03:29:36
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