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Forex Trend Analysis Report

Prepared for you on Monday, August 8, 2022.

Chinese Yuan Renminbi Offshore/South Korean Won (FOREX:CNHKRW)

Bear Market Rally (-75) - CNHKRW is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNHKRW as it may be in the beginning of a reversal.

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
193.7 193.7 193.7 193.7 0.0
Entry Signal

MarketClub’s Trade Triangles for CNHKRW

long term down The long-term trend has been DOWN since May 17th, 2022 at 188.300

intermediate term up The intermediate-term trend has been UP since Jun 10th, 2022 at 189.475

short term down The short-term trend has been DOWN since Aug 8th, 2022 at 193.900

Smart Scan Analysis for CNHKRW

Based on our trend formula, CNHKRW is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for CNHKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
193.7 193.7 193.7 193.7 0.0
Prev. Close Volume Bid Ask Time
193.7 2022-08-08 14:30:49
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