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Forex Trend Analysis Report

Prepared for you on Wednesday, June 7, 2023.

Australian Dollar/South Korean Won (FOREX:AUDKRW)

Countertrend Down (-85) - AUDKRW 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 AUDKRW?

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

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

FOREX_AUDKRW
Open High Low AUDKRW Price Change
867.8608 872.0030 867.7490 870.3855 +2.5247
Entry Signal

MarketClub’s Trade Triangles for AUDKRW

long term down The long-term trend has been DOWN since May 30th, 2023 at 857.4510

intermediate term down The intermediate-term trend has been DOWN since May 19th, 2023 at 881.1611

short term up The short-term trend has been UP since Jun 6th, 2023 at 865.0085

Smart Scan Analysis for AUDKRW

Based on our trend formula, AUDKRW is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for AUDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
867.8608 872.0030 867.7490 870.3855 +2.5247
Prev. Close Volume Bid Ask Time
867.8608 2023-06-07 22:36:58
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