Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
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.
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 DOWN since Jul 28th, 2021 at 0.00108513
The short-term trend has been UP since Oct 19th, 2021 at 0.00104809
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).