Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
South Korean Won/Canadian Dollar (FOREX:KRWCAD)
Countertrend Down (-85) - KRWCAD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 Oct 11th, 2020 at 0.10954997
The intermediate-term trend has been DOWN since Jun 6th, 2022 at 0.00100193
The short-term trend has been UP since Aug 15th, 2022 at 0.00098596
Smart Scan Analysis for KRWCAD
Based on our trend formula, KRWCAD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).