Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
South Korean Won/US Dollar (FOREX:KRWUSD)
Bull Market Weakness (+75) - KRWUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on KRWUSD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid KRWUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KRWUSD
The long-term trend has been DOWN since Oct 11th, 2020 at 0.08280099
The intermediate-term trend has been UP since Apr 6th, 2021 at 0.00089233
The short-term trend has been UP since Apr 14th, 2021 at 0.00089466
Smart Scan Analysis for KRWUSD
Based on our trend formula, KRWUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).