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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

Canadian Dollar/South Korean Won (FOREX:CADKRW)

Countertrend Up (+85) - CADKRW is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
1006.5086 1006.7578 1003.8875 1005.9227 -0.5859
Entry Signal

MarketClub’s Trade Triangles for CADKRW

long term up The long-term trend has been UP since Apr 10th, 2024 at 999.1208

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2024 at 987.3556

short term down The short-term trend has been DOWN since Apr 16th, 2024 at 1001.6301

Smart Scan Analysis for CADKRW

Based on our trend formula, CADKRW is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for CADKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1006.5086 1006.7578 1003.8875 1005.9227 -0.5859
Prev. Close Volume Bid Ask Time
1006.5086 2024-04-22 16:09:06
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