Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
South Korean Won/Canadian Dollar (FOREX:KRWCAD)
Bull Market Weakness (+75) - KRWCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on KRWCAD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid KRWCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KRWCAD
The long-term trend has been DOWN since Oct 11th, 2020 at 0.10954997
The intermediate-term trend has been UP since Nov 12th, 2020 at 0.00118065
The short-term trend has been UP since Dec 2nd, 2020 at 0.00117662
Smart Scan Analysis for KRWCAD
Based on our trend formula, KRWCAD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).