Forex Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
South Korean Won/Chinese Yuan Renminbi (FOREX:KRWCNY)
Weak Uptrend (+65) - KRWCNY is showing signs of weakening momentum to the upside. Monitor 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.
MarketClub’s Trade Triangles for KRWCNY
The long-term trend has been UP since Jun 5th, 2020 at 0.58977397
The intermediate-term trend has been DOWN since Jul 9th, 2020 at 0.58188979
The short-term trend has been UP since Aug 5th, 2020 at 0.58564814
Smart Scan Analysis for KRWCNY
Based on our trend formula, KRWCNY is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).