Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
Canadian Dollar/South Korean Won (FOREX:CADKRW)
Strong Downtrend (-100) - CADKRW is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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 Mar 8th, 2020 at 874.5678
The intermediate-term trend has been DOWN since Mar 3rd, 2020 at 886.7297
The short-term trend has been DOWN since Apr 7th, 2020 at 864.3782
Smart Scan Analysis for CADKRW
Based on our trend formula, CADKRW is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).