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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

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

Sidelines Mode (-55) - CNHKRW is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
189 189 189 189 0
Entry Signal

MarketClub’s Trade Triangles for CNHKRW

long term up The long-term trend has been UP since May 2nd, 2024 at 186

intermediate term down The intermediate-term trend has been DOWN since May 8th, 2024 at 191

short term up The short-term trend has been UP since Mar 27th, 2024 at 185

Smart Scan Analysis for CNHKRW

Based on our trend formula, CNHKRW is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for CNHKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
189 189 189 189 0
Prev. Close Volume Bid Ask Time
189 2024-05-23 16:21:11
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