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Forex Trend Analysis Report

Prepared for you on Friday, March 24, 2023.

New Zealand Dollar/South Korean Won (FOREX:NZDKRW)

Strong Downtrend (-100) - NZDKRW is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NZDKRW continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid NZDKRW?

MarketClub looks at technical strength and momentum to determine if the timing is right for NZDKRW.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NZDKRW
Open High Low NZDKRW Price Change
805.2548 810.9692 802.9087 803.5066 -1.7482
Entry Signal

MarketClub’s Trade Triangles for NZDKRW

long term down The long-term trend has been DOWN since Oct 6th, 2022 at 795.9079

intermediate term down The intermediate-term trend has been DOWN since Mar 22nd, 2023 at 802.1667

short term down The short-term trend has been DOWN since Mar 21st, 2023 at 810.4665

Smart Scan Analysis for NZDKRW

Based on our trend formula, NZDKRW is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for NZDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
805.2548 810.9692 802.9087 803.5066 -1.7482
Prev. Close Volume Bid Ask Time
805.2548 2023-03-24 15:03:42
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