Forex Trend Analysis Report
Prepared for you on Friday, February 21, 2020.
Japanese Yen/South Korean Won (FOREX:JPYKRW)
Countertrend Down (-85) - JPYKRW is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 Oct 29th, 2019 at 10.672500
The intermediate-term trend has been DOWN since Feb 19th, 2020 at 10.708762
The short-term trend has been UP since Feb 21st, 2020 at 10.866686
Smart Scan Analysis for JPYKRW
Based on our trend formula, JPYKRW is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).