Free Daily Analysis

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.

FOREX_KRWCNY
Open High Low KRWCNY Price Change
0.00570534 0.00571430 0.00570036 0.00571430 +0.00000900
Entry Signal

MarketClub’s Trade Triangles for KRWCNY

long term down The long-term trend has been DOWN since Sep 1st, 2020 at 0.57593256

intermediate term down The intermediate-term trend has been DOWN since Apr 30th, 2021 at 0.00579194

short term down 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).

-90
Smart Scan Analysis for KRWCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00570534 0.00571430 0.00570036 0.00571430 +0.00000900
Prev. Close Volume Bid Ask Time
0.00570534 2021-05-14 17:17:45
Get a free daily analysis and signals for South Korean Won/Chinese Yuan Renminbi (KRWCNY) - Request Your Free Report.