Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Canadian Dollar/South Korean Won (FOREX:CADKRW)
Countertrend Up (+85) - CADKRW 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 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 UP since Jul 28th, 2021 at 921.7006
The short-term trend has been DOWN since Oct 19th, 2021 at 954.0065
Smart Scan Analysis for CADKRW
Based on our trend formula, CADKRW is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).