Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Chinese Yuan Renminbi/South Korean Won (FOREX:CNYKRW)
Weak Downtrend (-65) - CNYKRW is showing signs of a strengthening downtrend. Monitor CNYKRW as it may be building momentum to the downside.
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 Jan 27th, 2021 at 172.04222
The intermediate-term trend has been DOWN since Oct 25th, 2021 at 182.83618
The short-term trend has been DOWN since Oct 20th, 2021 at 183.64461
Smart Scan Analysis for CNYKRW
Based on our trend formula, CNYKRW is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).