Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

Euro/South Korean Won (FOREX:EURKRW)

Bear Market Rally (-75) - EURKRW is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURKRW as it may be in the beginning of a reversal.

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
1407.320 1419.465 1405.820 1417.915 +10.595
Entry Signal

MarketClub’s Trade Triangles for EURKRW

long term down The long-term trend has been DOWN since Jun 12th, 2023 at 1376.800

intermediate term down The intermediate-term trend has been DOWN since Nov 6th, 2023 at 1398.650

short term down The short-term trend has been DOWN since Dec 6th, 2023 at 1414.825

Smart Scan Analysis for EURKRW

Based on our trend formula, EURKRW is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for EURKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1407.320 1419.465 1405.820 1417.915 +10.595
Prev. Close Volume Bid Ask Time
1407.320 2023-12-08 18:47:29
Get a free daily analysis and signals for Euro/South Korean Won (EURKRW) - Request Your Free Report.