Forex Trend Analysis Report
Prepared for you on Sunday, May 16, 2021.
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 1st, 2020 at 0.57593256
The intermediate-term trend has been DOWN since Apr 30th, 2021 at 0.00579194
The short-term trend has been DOWN since May 10th, 2021 at 0.00575502
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).