Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
South Korean Won/Canadian Dollar (FOREX:KRWCAD)
Bear Market Rally (-75) - KRWCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on KRWCAD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid KRWCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KRWCAD
The long-term trend has been DOWN since Apr 3rd, 2023 at 0.00102413
The intermediate-term trend has been DOWN since Sep 21st, 2023 at 0.00100427
The short-term trend has been UP since Sep 29th, 2023 at 0.00100607
Smart Scan Analysis for KRWCAD
Based on our trend formula, KRWCAD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).