Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
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.
MarketClub’s Trade Triangles for CHFKRW
The long-term trend has been UP since May 16th, 2021 at 1254.4206
The intermediate-term trend has been UP since Sep 20th, 2021 at 1280.3292
The short-term trend has been DOWN since Oct 12th, 2021 at 1285.2361
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).