Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Chinese Yuan Renminbi Offshore/South Korean Won (FOREX:CNHKRW)
Strong Downtrend (-100) - CNHKRW is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Oct 13th, 2020 at 171.325
The intermediate-term trend has been DOWN since Sep 16th, 2020 at 174.500
The short-term trend has been DOWN since Nov 25th, 2020 at 169.780
Smart Scan Analysis for CNHKRW
Based on our trend formula, CNHKRW is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).