Forex Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
Chinese Yuan Renminbi/South Korean Won (FOREX:CNYKRW)
Long-Term Downtrend (-90) - CNYKRW is in a strong downtrend that is likely to continue. While CNYKRW is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Oct 23rd, 2020 at 168.88034
The intermediate-term trend has been DOWN since Sep 21st, 2020 at 171.38286
The short-term trend has been DOWN since Dec 2nd, 2020 at 167.65407
Smart Scan Analysis for CNYKRW
Based on our trend formula, CNYKRW is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).