Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, August 13, 2020.

US Dollar/South Korean Won (FOREX:USDKRW)

Long-Term Downtrend (-90) - USDKRW is in a strong downtrend that is likely to continue. While USDKRW is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.

FOREX_USDKRW
Open High Low USDKRW Price Change
1183.420 1184.705 1183.270 1184.705 +1.285
Entry Signal

MarketClub’s Trade Triangles for USDKRW

long term down The long-term trend has been DOWN since Aug 5th, 2020 at 1184.735

intermediate term down The intermediate-term trend has been DOWN since Jun 2nd, 2020 at 1214.390

short term down The short-term trend has been DOWN since Aug 5th, 2020 at 1188.710

Smart Scan Analysis for USDKRW

Based on our trend formula, USDKRW is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for USDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1183.420 1184.705 1183.270 1184.705 +1.285
Prev. Close Volume Bid Ask Time
1183.420 1184.540 1184.870 2020-08-13 07:57:18
Get a free daily analysis and signals for US Dollar/South Korean Won (USDKRW) - Request Your Free Report.