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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
New Zealand Dollar/South Korean Won (FOREX:NZDKRW)
Bear Market Rally (-75) - NZDKRW is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NZDKRW as it may be in the beginning 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.
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MarketClub’s Trade Triangles for NZDKRW
The long-term trend has been DOWN since Aug 2nd, 2024 at 809.3379
The intermediate-term trend has been DOWN since Nov 15th, 2024 at 819.2398
The short-term trend has been UP since Nov 19th, 2024 at 823.3083
Smart Scan Analysis for NZDKRW
Based on our trend formula, NZDKRW is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 821.3522 | 821.8786 | 820.6435 | 821.6410 | +0.2888 |
| Prev. Close | Volume | Bid | Ask | Time |
| 821.3522 | 2024-11-20 03:44:06 |