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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

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.

FOREX_NZDKRW
Open High Low NZDKRW Price Change
757.6412 758.7530 756.0626 756.9952 -0.6460
Entry Signal

MarketClub’s Trade Triangles for NZDKRW

long term down The long-term trend has been DOWN since Mar 1st, 2020 at 749.5052

intermediate term up The intermediate-term trend has been UP since Apr 12th, 2020 at 739.6210

short term up The short-term trend has been UP since May 18th, 2020 at 738.7325

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).

+60
Smart Scan Analysis for NZDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
757.6412 758.7530 756.0626 756.9952 -0.6460
Prev. Close Volume Bid Ask Time
757.6412 756.3854 757.6051 2020-05-25 05:02:25
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