Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
South Korean Won/Chinese Yuan Renminbi (FOREX:KRWCNY)
Strong Downtrend (-100) - KRWCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid
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 Jan 20th, 2020 at 0.58899671
The intermediate-term trend has been DOWN since Jan 7th, 2020 at 0.59423958
The short-term trend has been DOWN since Feb 17th, 2020 at 0.58875433
Smart Scan Analysis for KRWCNY
Based on our trend formula, KRWCNY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).