Free Daily Analysis

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.

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

MarketClub’s Trade Triangles for KRWCNY

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

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

short term up 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
Smart Scan Analysis for KRWCNY
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
Get a free daily analysis and signals for South Korean Won/Chinese Yuan Renminbi (KRWCNY) - Request Your Free Report.