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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi/South Korean Won (FOREX:CNYKRW)
Long-Term Uptrend (+90) - CNYKRW is in a strong uptrend that is likely to continue. While CNYKRW is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
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MarketClub’s Trade Triangles for CNYKRW
The long-term trend has been UP since Mar 28th, 2024 at 189.57749
The intermediate-term trend has been UP since Jul 16th, 2024 at 192.04763
The short-term trend has been UP since Jul 25th, 2024 at 191.17129
Smart Scan Analysis for CNYKRW
Based on our trend formula, CNYKRW is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 191.25504 | 191.36448 | 190.80583 | 190.99912 | -0.25592 |
| Prev. Close | Volume | Bid | Ask | Time |
| 191.25504 | 2024-07-26 20:37:55 |