Forex Trend Analysis Report
Prepared for you on Saturday, March 25, 2023.
Chinese Yuan Renminbi/South Korean Won (FOREX:CNYKRW)
Weak Downtrend (-65) - CNYKRW is showing signs of a strengthening downtrend. Monitor CNYKRW as it may be building momentum to the downside.
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 Mar 1st, 2023 at 191.04966
The intermediate-term trend has been DOWN since Mar 22nd, 2023 at 186.98732
The short-term trend has been DOWN since Mar 22nd, 2023 at 188.86404
Smart Scan Analysis for CNYKRW
Based on our trend formula, CNYKRW is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).