Forex Trend Analysis Report
Prepared for you on Wednesday, February 24, 2021.
US Dollar/South Korean Won (FOREX:USDKRW)
Countertrend Down (-85) - USDKRW is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Aug 5th, 2020 at 1184.735
The intermediate-term trend has been DOWN since Feb 15th, 2021 at 1100.535
The short-term trend has been UP since Feb 16th, 2021 at 1107.120
Smart Scan Analysis for USDKRW
Based on our trend formula, USDKRW is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).