Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, April 6, 2020.

Chinese Yuan Renminbi Offshore/South Korean Won (FOREX:CNHKRW)

Countertrend Up (+85) - CNHKRW 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 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.

FOREX_CNHKRW
Open High Low CNHKRW Price Change
173.975 173.975 173.975 173.975 0.000
Entry Signal

MarketClub’s Trade Triangles for CNHKRW

long term up The long-term trend has been UP since Dec 10th, 2019 at 168.90

intermediate term up The intermediate-term trend has been UP since Jan 8th, 2020 at 168.27

short term up The short-term trend has been UP since Apr 1st, 2020 at 173.25

Smart Scan Analysis for CNHKRW

Based on our trend formula, CNHKRW is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for CNHKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
173.975 173.975 173.975 173.975 0.000
Prev. Close Volume Bid Ask Time
173.975 172.400 175.550 2020-04-06 13:52:12
Get a free daily analysis and signals for Chinese Yuan Renminbi Offshore/South Korean Won (CNHKRW) - Request Your Free Report.