Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Swiss Franc/South Korean Won (FOREX:CHFKRW)
Countertrend Down (-85) - CHFKRW is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 Oct 8th, 2020 at 1259.2282
The intermediate-term trend has been DOWN since Feb 14th, 2021 at 1237.0046
The short-term trend has been UP since Feb 26th, 2021 at 1241.6067
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).