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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.

FOREX_EURKRW
Open High Low EURKRW Price Change
1350.430 1354.650 1350.315 1351.170 +0.740
Entry Signal

MarketClub’s Trade Triangles for EURKRW

long term up The long-term trend has been UP since Feb 25th, 2021 at 1357.86

intermediate term up The intermediate-term trend has been UP since Apr 19th, 2021 at 1343.05

short term up 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).

+90
Smart Scan Analysis for EURKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1350.430 1354.650 1350.315 1351.170 +0.740
Prev. Close Volume Bid Ask Time
1350.430 2021-05-06 14:01:14
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