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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Chinese Yuan Renminbi Offshore/South Korean Won (FOREX:CNHKRW)
Crossroads (-60) - CNHKRW is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Oct 21st, 2024 at 193.13275
The intermediate-term trend has been DOWN since Nov 17th, 2024 at 192.57119
The short-term trend has been DOWN since Nov 14th, 2024 at 193.24143
Smart Scan Analysis for CNHKRW
Based on our trend formula, CNHKRW is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 191.91455 | 192.58097 | 191.82844 | 192.56938 | +0.65483 |
| Prev. Close | Volume | Bid | Ask | Time |
| 191.91455 | 2024-11-20 03:35:31 |