Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
South Korean Won/Chinese Yuan Renminbi (FOREX:KRWCNY)
Sidelines Mode (-55) - KRWCNY 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 KRWCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KRWCNY
The long-term trend has been DOWN since Jan 20th, 2020 at 0.58899671
The intermediate-term trend has been DOWN since Jan 7th, 2020 at 0.59423958
The short-term trend has been UP since Apr 6th, 2020 at 0.57914441
Smart Scan Analysis for KRWCNY
Based on our trend formula, KRWCNY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).