Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
South Korean Won/Canadian Dollar (FOREX:KRWCAD)
Weak Downtrend (-65) - KRWCAD is showing signs of a strengthening downtrend. Monitor KRWCAD as it may be building momentum to the downside.
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 Apr 5th, 2021 at 0.00111704
The short-term trend has been DOWN since Apr 18th, 2021 at 0.00111752
Smart Scan Analysis for KRWCAD
Based on our trend formula, KRWCAD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).