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.
MarketClub’s Trade Triangles for CNHKRW
The long-term trend has been UP since Dec 10th, 2019 at 168.90
The intermediate-term trend has been UP since Jan 8th, 2020 at 168.27
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).