Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
South Korean Won/US Dollar (FOREX:KRWUSD)
Bull Market Weakness (+75) - KRWUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on KRWUSD as it may be in the beginning stages of a reversal.
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 Aug 16th, 2023 at 0.00074394
The intermediate-term trend has been UP since Nov 3rd, 2023 at 0.00075668
The short-term trend has been UP since Nov 27th, 2023 at 0.00077466
Smart Scan Analysis for KRWUSD
Based on our trend formula, KRWUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).