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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.

FOREX_CNHKRW
Open High Low CNHKRW Price Change
168.525 168.525 168.525 168.525 0.000
Entry Signal

MarketClub’s Trade Triangles for CNHKRW

long term down The long-term trend has been DOWN since Oct 13th, 2020 at 171.325

intermediate term down The intermediate-term trend has been DOWN since Sep 16th, 2020 at 174.500

short term down 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).

-100
Smart Scan Analysis for CNHKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
168.525 168.525 168.525 168.525 0.000
Prev. Close Volume Bid Ask Time
168.525 2020-12-03 17:37:53
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