Forex Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

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.

Open	High	Low	KRWCNY Price	Change
0.00539531	0.00542396	0.00539194	0.00539837	+0.00000300
Entry Signal

MarketClub’s Trade Triangles for KRWCNY

The long-term trend has been DOWN since Sep 1st, 2020 at 0.57593256

The intermediate-term trend has been DOWN since Nov 8th, 2021 at 0.00539063

The short-term trend has been UP since Dec 8th, 2021 at 0.00541521

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

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.00539531	0.00542396	0.00539194	0.00539837	+0.00000300
Prev. Close	Volume	Bid	Ask	Time
0.00539531				2021-12-08 17:55:08

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