Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Chinese Yuan Renminbi/South Korean Won (FOREX:CNYKRW)
Strong Uptrend (+100) - CNYKRW is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNYKRW continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid
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 UP since Dec 10th, 2019 at 169.71000
The intermediate-term trend has been UP since Jan 7th, 2020 at 168.53246
The short-term trend has been UP since Feb 17th, 2020 at 169.87130
Smart Scan Analysis for CNYKRW
Based on our trend formula, CNYKRW is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).