Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Russian Ruble/South Korean Won (FOREX:RUBKRW)
Countertrend Up (+85) - RUBKRW is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid RUBKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for RUBKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RUBKRW
The long-term trend has been UP since Jun 16th, 2021 at 15.598271
The intermediate-term trend has been UP since Jul 27th, 2021 at 15.676674
The short-term trend has been DOWN since Oct 20th, 2021 at 16.560763
Smart Scan Analysis for RUBKRW
Based on our trend formula, RUBKRW is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).