Forex Trend Analysis Report
Prepared for you on Wednesday, June 29, 2022.
South Korean Won/US Dollar (FOREX:KRWUSD)
Long-Term Downtrend (-90) - KRWUSD is in a strong downtrend that is likely to continue. While KRWUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid KRWUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KRWUSD
The long-term trend has been DOWN since Oct 11th, 2020 at 0.08280099
The intermediate-term trend has been DOWN since Jun 12th, 2022 at 0.00077889
The short-term trend has been DOWN since Jun 29th, 2022 at 0.00077044
Smart Scan Analysis for KRWUSD
Based on our trend formula, KRWUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).