Forex Trend Analysis Report
Prepared for you on Sunday, January 17, 2021.
Chinese Yuan Renminbi Offshore/South Korean Won (FOREX:CNHKRW)
Bull Market Weakness (+75) - CNHKRW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNHKRW as it may be in the beginning stages of a reversal.
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 DOWN since Oct 13th, 2020 at 171.325
The intermediate-term trend has been UP since Dec 21st, 2020 at 169.825
The short-term trend has been UP since Jan 11th, 2021 at 169.950
Smart Scan Analysis for CNHKRW
Based on our trend formula, CNHKRW is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).