Forex Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
South Korean Won/Japanese Yen (FOREX:KRWJPY)
Sidelines Mode (-55) - KRWJPY 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 KRWJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KRWJPY
The long-term trend has been UP since Jun 2nd, 2023 at 0.10635814
The intermediate-term trend has been DOWN since Sep 27th, 2023 at 0.10966077
The short-term trend has been UP since Sep 29th, 2023 at 0.11088768
Smart Scan Analysis for KRWJPY
Based on our trend formula, KRWJPY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).