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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.

FOREX_KRWCNY
Open High Low KRWCNY Price Change
0.57816782 0.58283993 0.57787857 0.58250313 +0.00433500
Entry Signal

MarketClub’s Trade Triangles for KRWCNY

long term down The long-term trend has been DOWN since Jan 20th, 2020 at 0.58899671

intermediate term down The intermediate-term trend has been DOWN since Jan 7th, 2020 at 0.59423958

short term up 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).

-55
Smart Scan Analysis for KRWCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.57816782 0.58283993 0.57787857 0.58250313 +0.00433500
Prev. Close Volume Bid Ask Time
0.57816782 0.58174438 0.58326188 2020-04-07 06:54:44
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