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Forex Trend Analysis Report
Prepared for you on Thursday, September 12, 2024.
Chinese Yuan Renminbi Offshore/South Korean Won (FOREX:CNHKRW)
Sidelines Mode (+55) - CNHKRW 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 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.
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MarketClub’s Trade Triangles for CNHKRW
The long-term trend has been DOWN since Aug 18th, 2024 at 187.58175
The intermediate-term trend has been UP since Sep 9th, 2024 at 189.12500
The short-term trend has been DOWN since Sep 11th, 2024 at 187.96293
Smart Scan Analysis for CNHKRW
Based on our trend formula, CNHKRW is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 188.01815 | 188.26394 | 187.82261 | 188.15689 | +0.13874 |
| Prev. Close | Volume | Bid | Ask | Time |
| 188.01815 | 2024-09-12 06:19:16 |