Forex Trend Analysis Report
Prepared for you on Thursday, May 28, 2020.
Euro/South Korean Won (FOREX:EURKRW)
Strong Uptrend (+100) - EURKRW is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, EURKRW continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Jan 31st, 2020 at 1324.80
The intermediate-term trend has been UP since May 4th, 2020 at 1343.83
The short-term trend has been UP since May 27th, 2020 at 1355.05
Smart Scan Analysis for EURKRW
Based on our trend formula, EURKRW is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).