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Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
US Dollar/South Korean Won (FOREX:USDKRW)
Bull Market Weakness (+75) - USDKRW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDKRW as it may be in the beginning stages of a reversal.
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 Mar 27th, 2024 at 1350.51
The intermediate-term trend has been UP since Mar 18th, 2024 at 1337.54
The short-term trend has been DOWN since Apr 17th, 2024 at 1380.40
Smart Scan Analysis for USDKRW
Based on our trend formula, USDKRW is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1377.310 | 1379.045 | 1376.665 | 1378.295 | +0.985 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1377.310 | 2024-04-23 09:00:08 |