Forex Trend Analysis Report
Prepared for you on Friday, June 5, 2020.
South Korean Won/US Dollar (FOREX:KRWUSD)
Crossroads (+60) - KRWUSD 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 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 Feb 2nd, 2020 at 0.08346764
The intermediate-term trend has been UP since Jun 4th, 2020 at 0.08234390
The short-term trend has been UP since May 26th, 2020 at 0.08089377
Smart Scan Analysis for KRWUSD
Based on our trend formula, KRWUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).