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Forex Trend Analysis Report

Prepared for you on Sunday, October 13, 2024.

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

Crossroads (+60) - CNHKRW is struggling to move into a solid trend. Beware of choppy markets 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
190.85958 190.85958 190.85958 190.85958 0.00000
Entry Signal

MarketClub’s Trade Triangles for CNHKRW

long term down The long-term trend has been DOWN since Aug 18th, 2024 at 187.58175

intermediate term up The intermediate-term trend has been UP since Sep 20th, 2024 at 189.24319

short term up The short-term trend has been UP since Oct 1st, 2024 at 188.85917

Smart Scan Analysis for CNHKRW

Based on our trend formula, CNHKRW is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CNHKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
190.85958 190.85958 190.85958 190.85958 0.00000
Prev. Close Volume Bid Ask Time
190.85958 2024-10-13 02:51:38
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