Forex Trend Analysis Report
Prepared for you on Sunday, August 14, 2022.
South Korean Won/Chinese Yuan Renminbi (FOREX:KRWCNY)
Sidelines Mode (+55) - KRWCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Jul 5th, 2022 at 0.00513760
The intermediate-term trend has been UP since Jul 28th, 2022 at 0.00518146
The short-term trend has been DOWN since Aug 10th, 2022 at 0.00515635
Smart Scan Analysis for KRWCNY
Based on our trend formula, KRWCNY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).