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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

South Korean Won/Chinese Yuan Renminbi (FOREX:KRWCNY)

Bull Market Weakness (+75) - KRWCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on KRWCNY as it may be in the beginning stages of a reversal.

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.

FOREX_KRWCNY
Open High Low KRWCNY Price Change
0.00521462 0.00521462 0.00521462 0.00521462 0.00000000
Entry Signal

MarketClub’s Trade Triangles for KRWCNY

long term down The long-term trend has been DOWN since Sep 26th, 2023 at 0.00531946

intermediate term up The intermediate-term trend has been UP since May 6th, 2024 at 0.00522979

short term up The short-term trend has been UP since May 27th, 2024 at 0.00522640

Smart Scan Analysis for KRWCNY

Based on our trend formula, KRWCNY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for KRWCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00521462 0.00521462 0.00521462 0.00521462 0.00000000
Prev. Close Volume Bid Ask Time
0.00521462 2024-05-29 00:58:27
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