Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
Chinese Yuan Renminbi/South Korean Won (FOREX:CNYKRW)
Bull Market Weakness (+75) - CNYKRW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYKRW as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CNYKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for CNYKRW
The long-term trend has been UP since Jul 5th, 2022 at 195.00514
The intermediate-term trend has been DOWN since Jul 28th, 2022 at 192.66877
The short-term trend has been UP since Aug 9th, 2022 at 193.49602
Smart Scan Analysis for CNYKRW
Based on our trend formula, CNYKRW is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 193.05315 | 194.03179 | 192.91994 | 193.88942 | +0.83627 |
| Prev. Close | Volume | Bid | Ask | Time |
| 193.05315 | 2022-08-15 18:46:17 |