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Forex Trend Analysis Report

Prepared for you on Monday, July 15, 2024.

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

Weak Uptrend (+65) - CNYKRW is showing signs of weakening momentum to the upside. Monitor CNYKRW as it may be in the beginning stages of a reversal.

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
190.48911 190.51735 190.39290 190.45419 -0.03492
Entry Signal

MarketClub’s Trade Triangles for CNYKRW

long term up The long-term trend has been UP since Mar 28th, 2024 at 189.57749

intermediate term down The intermediate-term trend has been DOWN since Jul 11th, 2024 at 189.30932

short term up The short-term trend has been UP since Jul 14th, 2024 at 190.46801

Smart Scan Analysis for CNYKRW

Based on our trend formula, CNYKRW is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CNYKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
190.48911 190.51735 190.39290 190.45419 -0.03492
Prev. Close Volume Bid Ask Time
190.48911 2024-07-15 01:14:09
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