Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
South Korean Won/Canadian Dollar (FOREX:KRWCAD)
Strong Downtrend (-100) - KRWCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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 Jun 1st, 2020 at 0.11089805
The intermediate-term trend has been DOWN since Jul 22nd, 2020 at 0.11190028
The short-term trend has been DOWN since Aug 4th, 2020 at 0.11180399
Smart Scan Analysis for KRWCAD
Based on our trend formula, KRWCAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).