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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.
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MarketClub’s Trade Triangles for CNYKRW
The long-term trend has been UP since Dec 10th, 2019 at 169.71000
The intermediate-term trend has been UP since May 22nd, 2020 at 174.39167
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).
| 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 |