Forex Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
Japanese Yen/South Korean Won (FOREX:JPYKRW)
Sidelines Mode (+55) - JPYKRW is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid JPYKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYKRW
The long-term trend has been UP since Feb 25th, 2020 at 11.058158
The intermediate-term trend has been UP since Feb 24th, 2020 at 11.045692
The short-term trend has been DOWN since Apr 5th, 2020 at 11.313436
Smart Scan Analysis for JPYKRW
Based on our trend formula, JPYKRW is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).