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.
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 May 2nd, 2021 at 172.79359
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).