Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
South Korean Won/Chinese Yuan Renminbi (FOREX:KRWCNY)
Countertrend Down (-85) - KRWCNY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Aug 11th, 2021 at 0.00559958
The short-term trend has been UP since Oct 13th, 2021 at 0.00540417
Smart Scan Analysis for KRWCNY
Based on our trend formula, KRWCNY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).