Forex Trend Analysis Report
Prepared for you on Friday, October 15, 2021.
South Korean Won/Euro (FOREX:KRWEUR)
Crossroads (+60) - KRWEUR 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 KRWEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KRWEUR
The long-term trend has been DOWN since Jan 31st, 2020 at 0.07547302
The intermediate-term trend has been UP since Sep 30th, 2021 at 0.00072909
The short-term trend has been UP since Oct 13th, 2021 at 0.00072529
Smart Scan Analysis for KRWEUR
Based on our trend formula, KRWEUR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).