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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.

FOREX_CNHKRW
Open High Low CNHKRW Price Change
186.000 186.125 186.000 186.125 +0.125
Entry Signal

MarketClub’s Trade Triangles for CNHKRW

long term up The long-term trend has been UP since Jan 29th, 2021 at 173.35

intermediate term down The intermediate-term trend has been DOWN since Dec 3rd, 2021 at 186.00

short term down 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).

-60
Smart Scan Analysis for CNHKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
186.000 186.125 186.000 186.125 +0.125
Prev. Close Volume Bid Ask Time
186.000 2021-12-08 16:20:59
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