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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

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.

FOREX_CNYKRW
Open High Low CNYKRW Price Change
174.10033 174.27854 173.85256 174.01818 -0.08215
Entry Signal

MarketClub’s Trade Triangles for CNYKRW

long term up The long-term trend has been UP since Dec 10th, 2019 at 169.71000

intermediate term up The intermediate-term trend has been UP since May 22nd, 2020 at 174.39167

short term up The short-term trend has been UP since May 22nd, 2020 at 173.86217

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).

+90
Smart Scan Analysis for CNYKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
174.10033 174.27854 173.85256 174.01818 -0.08215
Prev. Close Volume Bid Ask Time
174.10033 173.79426 174.24209 2020-05-25 05:24:45
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