Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Euro/South Korean Won (FOREX:EURKRW)
Crossroads (-60) - EURKRW is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Feb 25th, 2021 at 1357.86
The intermediate-term trend has been DOWN since Sep 30th, 2021 at 1371.78
The short-term trend has been DOWN since Oct 19th, 2021 at 1370.87
Smart Scan Analysis for EURKRW
Based on our trend formula, EURKRW is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).