Forex Trend Analysis Report
Prepared for you on Monday, April 12, 2021.
Canadian Dollar/South Korean Won (FOREX:CADKRW)
Sidelines Mode (-55) - CADKRW 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 CADKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADKRW
The long-term trend has been UP since Feb 4th, 2021 at 876.2056
The intermediate-term trend has been DOWN since Apr 6th, 2021 at 894.8833
The short-term trend has been UP since Apr 11th, 2021 at 894.9217
Smart Scan Analysis for CADKRW
Based on our trend formula, CADKRW is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).