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Forex Trend Analysis Report

Prepared for you on Tuesday, June 25, 2024.

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

Crossroads (+60) - KRWCNY is struggling to move into a solid trend. Beware of choppy markets 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
0.00523478 0.00523813 0.00521649 0.00521824 -0.00001700
Entry Signal

MarketClub’s Trade Triangles for KRWCNY

long term down The long-term trend has been DOWN since Sep 26th, 2023 at 0.00531946

intermediate term up The intermediate-term trend has been UP since Jun 7th, 2024 at 0.00527048

short term up The short-term trend has been UP since Jun 18th, 2024 at 0.00526520

Smart Scan Analysis for KRWCNY

Based on our trend formula, KRWCNY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for KRWCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00523478 0.00523813 0.00521649 0.00521824 -0.00001700
Prev. Close Volume Bid Ask Time
0.00523478 2024-06-25 11:33:56
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