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Forex Trend Analysis Report
Prepared for you on Monday, August 8, 2022.
Chinese Yuan Renminbi Offshore/South Korean Won (FOREX:CNHKRW)
Bear Market Rally (-75) - CNHKRW is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNHKRW as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid CNHKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNHKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CNHKRW
The long-term trend has been DOWN since May 17th, 2022 at 188.300
The intermediate-term trend has been UP since Jun 10th, 2022 at 189.475
The short-term trend has been DOWN since Aug 8th, 2022 at 193.900
Smart Scan Analysis for CNHKRW
Based on our trend formula, CNHKRW is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 193.7 | 193.7 | 193.7 | 193.7 | 0.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 193.7 | 2022-08-08 14:30:49 |