Forex Trend Analysis Report
Prepared for you on Friday, January 28, 2022.
Chinese Yuan Renminbi/South Korean Won (FOREX:CNYKRW)
Long-Term Uptrend (+90) - CNYKRW is in a strong uptrend that is likely to continue. While CNYKRW is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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 Nov 8th, 2021 at 185.67253
The short-term trend has been UP since Jan 20th, 2022 at 188.08391
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).