Forex Trend Analysis Report
Prepared for you on Thursday, December 9, 2021.
Chinese Yuan Renminbi Offshore/South Korean Won (FOREX:CNHKRW)
Crossroads (-60) - CNHKRW 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 CNHKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNHKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CNHKRW
The long-term trend has been UP since Jan 29th, 2021 at 173.35
The intermediate-term trend has been DOWN since Dec 3rd, 2021 at 186.00
The short-term trend has been DOWN since Dec 3rd, 2021 at 186.90
Smart Scan Analysis for CNHKRW
Based on our trend formula, CNHKRW is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).