Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Australian Dollar/South Korean Won (FOREX:AUDKRW)
Crossroads (+60) - AUDKRW 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 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.
MarketClub’s Trade Triangles for AUDKRW
The long-term trend has been DOWN since May 30th, 2023 at 857.4510
The intermediate-term trend has been UP since Nov 28th, 2023 at 865.4689
The short-term trend has been UP since Dec 6th, 2023 at 869.8895
Smart Scan Analysis for AUDKRW
Based on our trend formula, AUDKRW is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).