Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Japanese Yen/South Korean Won (FOREX:JPYKRW)
Crossroads (+60) - JPYKRW 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 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 DOWN since May 26th, 2023 at 9.405198
The intermediate-term trend has been UP since Nov 28th, 2023 at 8.816884
The short-term trend has been UP since Dec 3rd, 2023 at 8.856141
Smart Scan Analysis for JPYKRW
Based on our trend formula, JPYKRW is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).