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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.

FOREX_CNYKRW
Open High Low CNYKRW Price Change
193.05315 194.03179 192.91994 193.88942 +0.83627
Entry Signal

MarketClub’s Trade Triangles for CNYKRW

long term up The long-term trend has been UP since Jul 5th, 2022 at 195.00514

intermediate term down The intermediate-term trend has been DOWN since Jul 28th, 2022 at 192.66877

short term up 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).

+75
Smart Scan Analysis for CNYKRW
Strong Downtrend Sideways 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
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