Forex Trend Analysis Report
Prepared for you on Monday, April 12, 2021.
South Korean Won/New Zealand Dollar (FOREX:KRWNZD)
Sidelines Mode (-55) - KRWNZD 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 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 DOWN since Oct 11th, 2020 at 0.12402448
The intermediate-term trend has been UP since Mar 22nd, 2021 at 0.00124717
The short-term trend has been DOWN since Apr 11th, 2021 at 0.00126509
Smart Scan Analysis for KRWNZD
Based on our trend formula, KRWNZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).