Forex Trend Analysis Report
Prepared for you on Sunday, August 9, 2020.
Japanese Yen/South Korean Won (FOREX:JPYKRW)
Bear Market Rally (-75) - JPYKRW is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on JPYKRW as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid JPYKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYKRW
The long-term trend has been DOWN since Jun 5th, 2020 at 10.958361
The intermediate-term trend has been UP since Jul 23rd, 2020 at 11.289451
The short-term trend has been DOWN since Jul 31st, 2020 at 11.310675
Smart Scan Analysis for JPYKRW
Based on our trend formula, JPYKRW is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).