Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Chinese Yuan Renminbi Offshore/South Korean Won (FOREX:CNHKRW)
Weak Downtrend (-65) - CNHKRW is showing signs of a strengthening downtrend. Monitor CNHKRW as it may be building momentum to the downside.
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 Oct 25th, 2021 at 184.75
The short-term trend has been DOWN since Oct 15th, 2021 at 185.35
Smart Scan Analysis for CNHKRW
Based on our trend formula, CNHKRW is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).