Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
Euro/South Korean Won (FOREX:EURKRW)
Long-Term Uptrend (+90) - EURKRW is in a strong uptrend that is likely to continue. While EURKRW 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 EURKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURKRW
The long-term trend has been UP since Feb 25th, 2021 at 1357.86
The intermediate-term trend has been UP since Apr 19th, 2021 at 1343.05
The short-term trend has been UP since Apr 19th, 2021 at 1339.90
Smart Scan Analysis for EURKRW
Based on our trend formula, EURKRW is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).