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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Chinese Yuan Renminbi/South Korean Won (FOREX:CNYKRW)
Long-Term Uptrend (+90) - CNYKRW is in a strong uptrend that is likely to continue. While CNYKRW 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 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 UP since Dec 3rd, 2024 at 195.09367
The short-term trend has been UP since Dec 23rd, 2024 at 199.08687
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 200.58158 | 201.11382 | 200.56651 | 200.74666 | +0.16508 |
| Prev. Close | Volume | Bid | Ask | Time |
| 200.58158 | 2024-12-26 05:12:24 |