Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, December 7, 2023.

Canadian Dollar/South Korean Won (FOREX:CADKRW)

Crossroads (+60) - CADKRW 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 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
973.3671 975.5365 965.6384 965.7472 -7.6199
Entry Signal

MarketClub’s Trade Triangles for CADKRW

long term down The long-term trend has been DOWN since Nov 3rd, 2023 at 964.8103

intermediate term up The intermediate-term trend has been UP since Nov 28th, 2023 at 962.5872

short term up The short-term trend has been UP since Nov 30th, 2023 at 964.1932

Smart Scan Analysis for CADKRW

Based on our trend formula, CADKRW is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CADKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
973.3671 975.5365 965.6384 965.7472 -7.6199
Prev. Close Volume Bid Ask Time
973.3671 2023-12-07 16:20:24
Get a free daily analysis and signals for Canadian Dollar/South Korean Won (CADKRW) - Request Your Free Report.