Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Chinese Yuan Renminbi/South Korean Won (FOREX:CNYKRW)
Crossroads (+60) - CNYKRW 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 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.
MarketClub’s Trade Triangles for CNYKRW
The long-term trend has been DOWN since Nov 3rd, 2023 at 178.97208
The intermediate-term trend has been UP since Dec 4th, 2023 at 184.64933
The short-term trend has been UP since Nov 30th, 2023 at 184.24578
Smart Scan Analysis for CNYKRW
Based on our trend formula, CNYKRW is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).