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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

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

Countertrend Up (+85) - CNYKRW is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.

FOREX_CNYKRW
Open High Low CNYKRW Price Change
183.73784 184.35859 183.64461 183.89528 +0.15744
Entry Signal

MarketClub’s Trade Triangles for CNYKRW

long term up The long-term trend has been UP since Jan 27th, 2021 at 172.04222

intermediate term up The intermediate-term trend has been UP since May 2nd, 2021 at 172.79359

short term down The short-term trend has been DOWN since Oct 13th, 2021 at 185.16397

Smart Scan Analysis for CNYKRW

Based on our trend formula, CNYKRW is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for CNYKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
183.73784 184.35859 183.64461 183.89528 +0.15744
Prev. Close Volume Bid Ask Time
183.73784 2021-10-17 21:26:38
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