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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

US Dollar/South Korean Won (FOREX:USDKRW)

Sidelines Mode (+55) - USDKRW 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 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.

FOREX_USDKRW
Open High Low USDKRW Price Change
1174.660 1178.460 1174.610 1177.135 +2.475
Entry Signal

MarketClub’s Trade Triangles for USDKRW

long term up The long-term trend has been UP since Mar 3rd, 2021 at 1129.500

intermediate term down The intermediate-term trend has been DOWN since Oct 20th, 2021 at 1173.935

short term up The short-term trend has been UP since Oct 18th, 2021 at 1188.440

Smart Scan Analysis for USDKRW

Based on our trend formula, USDKRW is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1174.660 1178.460 1174.610 1177.135 +2.475
Prev. Close Volume Bid Ask Time
1174.660 2021-10-21 11:53:43
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