Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Euro/South Korean Won (FOREX:EURKRW)
Long-Term Downtrend (-90) - EURKRW is in a strong downtrend that is likely to continue. While EURKRW is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EURKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURKRW
The long-term trend has been DOWN since Jun 12th, 2023 at 1376.800
The intermediate-term trend has been DOWN since Nov 6th, 2023 at 1398.650
The short-term trend has been DOWN since Dec 6th, 2023 at 1414.825
Smart Scan Analysis for EURKRW
Based on our trend formula, EURKRW is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).