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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
Chinese Yuan Renminbi/South Korean Won (FOREX:CNYKRW)
Sidelines Mode (-55) - CNYKRW 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 CNYKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYKRW.
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 CNYKRW
The long-term trend has been UP since Oct 21st, 2024 at 193.92318
The intermediate-term trend has been DOWN since Nov 17th, 2024 at 192.22784
The short-term trend has been UP since Nov 21st, 2024 at 193.53503
Smart Scan Analysis for CNYKRW
Based on our trend formula, CNYKRW is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 193.00499 | 193.59292 | 192.72819 | 192.72819 | -0.27680 |
| Prev. Close | Volume | Bid | Ask | Time |
| 193.00499 | 2024-11-21 08:43:37 |