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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

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.

FOREX_CNHKRW
Open High Low CNHKRW Price Change
186 186 186 186 0
Entry Signal

MarketClub’s Trade Triangles for CNHKRW

long term down The long-term trend has been DOWN since Nov 6th, 2023 at 182.0

intermediate term up The intermediate-term trend has been UP since Mar 27th, 2024 at 185.5

short term up The short-term trend has been UP since Mar 27th, 2024 at 185.0

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).

-60
Smart Scan Analysis for CNHKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
186 186 186 186 0
Prev. Close Volume Bid Ask Time
186 2024-03-27 21:27:08
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