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Forex Trend Analysis Report

Prepared for you on Thursday, March 30, 2023.

South Korean Won/Chinese Yuan Renminbi (FOREX:KRWCNY)

Bull Market Weakness (+75) - KRWCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on KRWCNY as it may be in the beginning stages of a reversal.

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
0.00528241 0.00530236 0.00528241 0.00529490 +0.00001200
Entry Signal

MarketClub’s Trade Triangles for KRWCNY

long term down The long-term trend has been DOWN since Mar 10th, 2023 at 0.00523549

intermediate term up The intermediate-term trend has been UP since Mar 22nd, 2023 at 0.00534738

short term up The short-term trend has been UP since Mar 16th, 2023 at 0.00530154

Smart Scan Analysis for KRWCNY

Based on our trend formula, KRWCNY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for KRWCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00528241 0.00530236 0.00528241 0.00529490 +0.00001200
Prev. Close Volume Bid Ask Time
0.00528241 2023-03-30 20:40:38
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