Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Swiss Franc/South Korean Won (FOREX:CHFKRW)
Long-Term Uptrend (+90) - CHFKRW is in a strong uptrend that is likely to continue. While CHFKRW is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid CHFKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for CHFKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CHFKRW
The long-term trend has been UP since Jan 7th, 2020 at 1213.4761
The intermediate-term trend has been UP since May 22nd, 2020 at 1276.5237
The short-term trend has been UP since May 27th, 2020 at 1279.8228
Smart Scan Analysis for CHFKRW
Based on our trend formula, CHFKRW is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).