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Forex Trend Analysis Report

Prepared for you on Friday, November 27, 2020.

Chinese Yuan Renminbi/South Korean Won (FOREX:CNYKRW)

Strong Downtrend (-100) - CNYKRW is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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.

FOREX_CNYKRW
Open High Low CNYKRW Price Change
167.80313 167.96861 167.64527 167.79692 -0.00621
Entry Signal

MarketClub’s Trade Triangles for CNYKRW

long term down The long-term trend has been DOWN since Oct 23rd, 2020 at 168.88034

intermediate term down The intermediate-term trend has been DOWN since Sep 21st, 2020 at 171.38286

short term down The short-term trend has been DOWN since Nov 23rd, 2020 at 169.10033

Smart Scan Analysis for CNYKRW

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

-100
Smart Scan Analysis for CNYKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
167.80313 167.96861 167.64527 167.79692 -0.00621
Prev. Close Volume Bid Ask Time
167.80313 2020-11-27 03:58:44
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