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Forex Trend Analysis Report
Prepared for you on Wednesday, May 27, 2020.
South Korean Won/Japanese Yen (FOREX:KRWJPY)
Bear Market Rally (-75) - KRWJPY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on KRWJPY as it may be in the beginning of a reversal.
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.
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MarketClub’s Trade Triangles for KRWJPY
The long-term trend has been DOWN since Feb 25th, 2020 at 9.043575
The intermediate-term trend has been DOWN since Feb 25th, 2020 at 9.048567
The short-term trend has been UP since May 26th, 2020 at 8.724651
Smart Scan Analysis for KRWJPY
Based on our trend formula, KRWJPY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.719264 | 8.733997 | 8.690651 | 8.715408 | -0.003856 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.719264 | 8.715188 | 8.715628 | 2020-05-27 22:30:24 |