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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Chinese Yuan Renminbi Offshore/South Korean Won (FOREX:CNHKRW)
Long-Term Uptrend (+90) - CNHKRW is in a strong uptrend that is likely to continue. While CNHKRW 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 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 UP since Oct 21st, 2024 at 193.13275
The intermediate-term trend has been UP since Dec 3rd, 2024 at 194.65895
The short-term trend has been UP since Dec 8th, 2024 at 196.43805
Smart Scan Analysis for CNHKRW
Based on our trend formula, CNHKRW is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 200.26893 | 200.83881 | 200.26808 | 200.50228 | +0.23335 |
| Prev. Close | Volume | Bid | Ask | Time |
| 200.26893 | 2024-12-26 05:07:58 |