Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
South Korean Won/Chinese Yuan Renminbi (FOREX:KRWCNY)
Long-Term Downtrend (-90) - KRWCNY is in a strong downtrend that is likely to continue. While KRWCNY 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 KRWCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KRWCNY
The long-term trend has been DOWN since Sep 26th, 2023 at 0.00531946
The intermediate-term trend has been DOWN since Sep 25th, 2023 at 0.00535234
The short-term trend has been DOWN since Oct 3rd, 2023 at 0.00528495
Smart Scan Analysis for KRWCNY
Based on our trend formula, KRWCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).