Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 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.
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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 UP since May 6th, 2024 at 0.00522979
The short-term trend has been UP since May 14th, 2024 at 0.00520200
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00522694 | 0.00524157 | 0.00521619 | 0.00523715 | +0.00001000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00524109 | 2024-05-17 16:10:28 |