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Forex Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

Canadian Dollar/South Korean Won (FOREX:CADKRW)

Long-Term Downtrend (-90) - CADKRW is in a strong downtrend that is likely to continue. While CADKRW 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 CADKRW?

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

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

FOREX_CADKRW
Open High Low CADKRW Price Change
842.5630 847.0374 841.3279 845.6930 +3.1300
Entry Signal

MarketClub’s Trade Triangles for CADKRW

long term down The long-term trend has been DOWN since Sep 21st, 2020 at 874.9241

intermediate term down The intermediate-term trend has been DOWN since Sep 14th, 2020 at 896.0526

short term down The short-term trend has been DOWN since Dec 2nd, 2020 at 849.7558

Smart Scan Analysis for CADKRW

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

-90
Smart Scan Analysis for CADKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
842.5630 847.0374 841.3279 845.6930 +3.1300
Prev. Close Volume Bid Ask Time
842.5630 2020-12-04 09:58:44
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