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.
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 DOWN since May 19th, 2023 at 881.1611
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).