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Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
South Korean Won/Canadian Dollar (FOREX:KRWCAD)
Long-Term Downtrend (-90) - KRWCAD is in a strong downtrend that is likely to continue. While KRWCAD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for KRWCAD
The long-term trend has been DOWN since Mar 28th, 2024 at 0.00100075
The intermediate-term trend has been DOWN since Mar 18th, 2024 at 0.00101278
The short-term trend has been DOWN since Apr 25th, 2024 at 0.00099267
Smart Scan Analysis for KRWCAD
Based on our trend formula, KRWCAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00099180 | 0.00099472 | 0.00099126 | 0.00099380 | +0.00000200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00099180 | 2024-05-01 18:29:19 |