Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
Australian Dollar/South Korean Won (FOREX:AUDKRW)
Strong Downtrend (-100) - AUDKRW is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, AUDKRW continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid AUDKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDKRW
The long-term trend has been DOWN since Nov 8th, 2022 at 887.7610
The intermediate-term trend has been DOWN since Mar 5th, 2023 at 875.1091
The short-term trend has been DOWN since Mar 21st, 2023 at 871.6897
Smart Scan Analysis for AUDKRW
Based on our trend formula, AUDKRW is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).