Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
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 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 UP since Jan 27th, 2021 at 172.04222
The intermediate-term trend has been UP since Dec 21st, 2020 at 168.97318
The short-term trend has been UP since Feb 22nd, 2021 at 171.72509
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).