Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Chinese Yuan Renminbi Offshore/South Korean Won (FOREX:CNHKRW)
Bull Market Weakness (+75) - CNHKRW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNHKRW as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for CNHKRW
The long-term trend has been UP since Jan 29th, 2021 at 173.35
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 172.70
The short-term trend has been UP since Feb 24th, 2021 at 172.80
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).