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.
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 DOWN since Oct 20th, 2021 at 1173.935
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).