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Forex Trend Analysis Report

Prepared for you on Thursday, December 3, 2020.

Chinese Yuan Renminbi/South Korean Won (FOREX:CNYKRW)

Long-Term Downtrend (-90) - CNYKRW is in a strong downtrend that is likely to continue. While CNYKRW is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_CNYKRW
Open High Low CNYKRW Price Change
167.34344 167.37012 166.51235 166.89479 -0.44865
Entry Signal

MarketClub’s Trade Triangles for CNYKRW

long term down The long-term trend has been DOWN since Oct 23rd, 2020 at 168.88034

intermediate term down The intermediate-term trend has been DOWN since Sep 21st, 2020 at 171.38286

short term down The short-term trend has been DOWN since Dec 2nd, 2020 at 167.65407

Smart Scan Analysis for CNYKRW

Based on our trend formula, CNYKRW is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CNYKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
167.34344 167.37012 166.51235 166.89479 -0.44865
Prev. Close Volume Bid Ask Time
167.34344 2020-12-03 14:58:05
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