Forex Trend Analysis Report
Prepared for you on Tuesday, May 18, 2021.
US Dollar/South Korean Won (FOREX:USDKRW)
Strong Uptrend (+100) - USDKRW is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDKRW continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid USDKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDKRW
The long-term trend has been UP since Mar 3rd, 2021 at 1129.500
The intermediate-term trend has been UP since May 4th, 2021 at 1127.885
The short-term trend has been UP since May 11th, 2021 at 1122.145
Smart Scan Analysis for USDKRW
Based on our trend formula, USDKRW is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).