Forex Trend Analysis Report
Prepared for you on Friday, March 24, 2023.
Swiss Franc/South Korean Won (FOREX:CHFKRW)
Crossroads (+60) - CHFKRW 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 CHFKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CHFKRW
The long-term trend has been DOWN since Jan 5th, 2023 at 1357.5193
The intermediate-term trend has been UP since Feb 6th, 2023 at 1354.3454
The short-term trend has been UP since Mar 24th, 2023 at 1420.2109
Smart Scan Analysis for CHFKRW
Based on our trend formula, CHFKRW is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).