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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
US Dollar/South Korean Won (FOREX:USDKRW)
Sidelines Mode (-50) - USDKRW is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDKRW can gain 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.
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MarketClub’s Trade Triangles for USDKRW
The long-term trend has been UP since Oct 25th, 2024 at 1392.23
The intermediate-term trend has been DOWN since Jan 13th, 2025 at 1444.04
The short-term trend has been DOWN since Feb 4th, 2025 at 1448.88
Smart Scan Analysis for USDKRW
Based on our trend formula, USDKRW is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1449.010 | 1450.485 | 1447.705 | 1449.670 | +0.660 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1449.010 | 2025-02-05 00:49:09 |