Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
New Zealand Dollar/South Korean Won (FOREX:NZDKRW)
Crossroads (+60) - NZDKRW 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 NZDKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NZDKRW
The long-term trend has been DOWN since Oct 6th, 2022 at 795.9079
The intermediate-term trend has been UP since Feb 12th, 2023 at 804.2228
The short-term trend has been UP since Mar 17th, 2023 at 820.5542
Smart Scan Analysis for NZDKRW
Based on our trend formula, NZDKRW is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).