Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
US Dollar/South Korean Won (FOREX:USDKRW)
Weak Downtrend (-65) - USDKRW is showing signs of a strengthening downtrend. Monitor USDKRW as it may be building momentum to the downside.
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 9th, 2023 at 1326.660
The intermediate-term trend has been DOWN since Mar 22nd, 2023 at 1293.695
The short-term trend has been DOWN since Mar 22nd, 2023 at 1300.590
Smart Scan Analysis for USDKRW
Based on our trend formula, USDKRW is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).