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.
MarketClub’s Trade Triangles for CADKRW
The long-term trend has been DOWN since Nov 3rd, 2023 at 964.8103
The intermediate-term trend has been UP since Nov 28th, 2023 at 962.5872
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).