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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

Canadian Dollar/South Korean Won (FOREX:CADKRW)

Crossroads (+60) - CADKRW is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_CADKRW
Open High Low CADKRW Price Change
999.1147 999.6817 996.4745 998.2566 -0.8581
Entry Signal

MarketClub’s Trade Triangles for CADKRW

long term up The long-term trend has been UP since Apr 10th, 2024 at 999.1208

intermediate term down The intermediate-term trend has been DOWN since May 3rd, 2024 at 992.9965

short term down The short-term trend has been DOWN since May 23rd, 2024 at 995.5470

Smart Scan Analysis for CADKRW

Based on our trend formula, CADKRW is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CADKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
999.1147 999.6817 996.4745 998.2566 -0.8581
Prev. Close Volume Bid Ask Time
999.1147 2024-05-27 09:03:34
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