Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 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.
MarketClub’s Trade Triangles for KRWCNY
The long-term trend has been DOWN since Sep 26th, 2023 at 0.00531946
The intermediate-term trend has been UP since Nov 3rd, 2023 at 0.00537668
The short-term trend has been UP since Nov 28th, 2023 at 0.00549958
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).