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.
MarketClub’s Trade Triangles for CADKRW
The long-term trend has been DOWN since Sep 21st, 2020 at 874.9241
The intermediate-term trend has been DOWN since Sep 14th, 2020 at 896.0526
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).