Forex Trend Analysis Report
Prepared for you on Monday, April 12, 2021.
Australian Dollar/South Korean Won (FOREX:AUDKRW)
Sidelines Mode (-55) - AUDKRW is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Jan 5th, 2021 at 842.6886
The intermediate-term trend has been DOWN since Mar 31st, 2021 at 859.8698
The short-term trend has been UP since Apr 12th, 2021 at 855.7988
Smart Scan Analysis for AUDKRW
Based on our trend formula, AUDKRW is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).