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Forex Trend Analysis Report

Prepared for you on Monday, April 15, 2024.

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

Strong Uptrend (+100) - CNYKRW is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNYKRW continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
191.06307 193.33785 190.98916 193.16826 +2.10519
Entry Signal

MarketClub’s Trade Triangles for CNYKRW

long term up The long-term trend has been UP since Mar 28th, 2024 at 189.57749

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2024 at 188.22083

short term up The short-term trend has been UP since Apr 11th, 2024 at 192.26778

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
191.06307 193.33785 190.98916 193.16826 +2.10519
Prev. Close Volume Bid Ask Time
191.06307 2024-04-15 21:52:08
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