Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
South Korean Won/New Zealand Dollar (FOREX:KRWNZD)
Bull Market Weakness (+75) - KRWNZD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on KRWNZD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid KRWNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KRWNZD
The long-term trend has been UP since Oct 6th, 2022 at 0.00125631
The intermediate-term trend has been DOWN since Feb 12th, 2023 at 0.00124366
The short-term trend has been UP since Mar 21st, 2023 at 0.00123399
Smart Scan Analysis for KRWNZD
Based on our trend formula, KRWNZD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).