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Forex Trend Analysis Report

Prepared for you on Tuesday, September 26, 2023.

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
184.5 184.5 184.0 184.0 -0.5
Entry Signal

MarketClub’s Trade Triangles for CNHKRW

long term up The long-term trend has been UP since Sep 25th, 2023 at 184.0

intermediate term up The intermediate-term trend has been UP since Sep 22nd, 2023 at 183.5

short term up The short-term trend has been UP since Sep 22nd, 2023 at 183.0

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
184.5 184.5 184.0 184.0 -0.5
Prev. Close Volume Bid Ask Time
184.5 2023-09-25 22:04:25
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