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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Swiss Franc/South Korean Won (FOREX:CHFKRW)

Countertrend Up (+85) - CHFKRW 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 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.

FOREX_CHFKRW
Open High Low CHFKRW Price Change
1503.3012 1508.3078 1499.2203 1507.8132 +4.5120
Entry Signal

MarketClub’s Trade Triangles for CHFKRW

long term up The long-term trend has been UP since Jan 16th, 2024 at 1554.8556

intermediate term up The intermediate-term trend has been UP since Apr 12th, 2024 at 1511.7331

short term down The short-term trend has been DOWN since Apr 22nd, 2024 at 1508.4231

Smart Scan Analysis for CHFKRW

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

+85
Smart Scan Analysis for CHFKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1503.3012 1508.3078 1499.2203 1507.8132 +4.5120
Prev. Close Volume Bid Ask Time
1503.3012 2024-04-24 10:54:13
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