Forex Trend Analysis Report
Prepared for you on Sunday, March 7, 2021.
New Zealand Dollar/South Korean Won (FOREX:NZDKRW)
Sidelines Mode (+55) - NZDKRW is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 UP since Jan 5th, 2021 at 788.1091
The intermediate-term trend has been UP since Jan 5th, 2021 at 788.1091
The short-term trend has been DOWN since Mar 1st, 2021 at 813.1438
Smart Scan Analysis for NZDKRW
Based on our trend formula, NZDKRW is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).