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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

South Korean Won/Swiss Franc (FOREX:KRWCHF)

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

Is it time to buy, sell, or avoid KRWCHF?

MarketClub looks at technical strength and momentum to determine if the timing is right for KRWCHF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_KRWCHF
Open High Low KRWCHF Price Change
0.00066882 0.00066923 0.00066580 0.00066631 -0.00000300
Entry Signal

MarketClub’s Trade Triangles for KRWCHF

long term down The long-term trend has been DOWN since Mar 9th, 2023 at 0.00070301

intermediate term up The intermediate-term trend has been UP since May 16th, 2024 at 0.00067045

short term down The short-term trend has been DOWN since May 29th, 2024 at 0.00066786

Smart Scan Analysis for KRWCHF

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

-75
Smart Scan Analysis for KRWCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00066882 0.00066923 0.00066580 0.00066631 -0.00000300
Prev. Close Volume Bid Ask Time
0.00066882 2024-05-29 16:09:06
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