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Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

South Korean Won/Canadian Dollar (FOREX:KRWCAD)

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

FOREX_KRWCAD
Open High Low KRWCAD Price Change
0.00100141 0.00100235 0.00099901 0.00099978 -0.00000200
Entry Signal

MarketClub’s Trade Triangles for KRWCAD

long term down The long-term trend has been DOWN since Mar 28th, 2024 at 0.00100075

intermediate term up The intermediate-term trend has been UP since May 3rd, 2024 at 0.00100704

short term down The short-term trend has been DOWN since May 20th, 2024 at 0.00100308

Smart Scan Analysis for KRWCAD

Based on our trend formula, KRWCAD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for KRWCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00100141 0.00100235 0.00099901 0.00099978 -0.00000200
Prev. Close Volume Bid Ask Time
0.00100141 2024-05-22 08:30:24
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