Forex Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
New Zealand Dollar/South Korean Won (FOREX:NZDKRW)
Bull Market Weakness (+75) - NZDKRW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NZDKRW as it may be in the beginning stages of a reversal.
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 7th, 2020 at 764.3153
The intermediate-term trend has been UP since Nov 9th, 2020 at 764.0723
The short-term trend has been UP since Nov 18th, 2020 at 765.8808
Smart Scan Analysis for NZDKRW
Based on our trend formula, NZDKRW is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).