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Forex Trend Analysis Report
Prepared for you on Tuesday, November 5, 2024.
US Dollar/South Korean Won (FOREX:USDKRW)
Countertrend Up (+85) - USDKRW is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Oct 25th, 2024 at 1392.230
The intermediate-term trend has been UP since Oct 4th, 2024 at 1348.285
The short-term trend has been DOWN since Oct 30th, 2024 at 1378.690
Smart Scan Analysis for USDKRW
Based on our trend formula, USDKRW is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1379.410 | 1380.200 | 1376.180 | 1379.855 | +0.445 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1379.410 | 2024-11-05 07:36:23 |