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.
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 Jun 2nd, 2020 at 1214.390
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).