Forex Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
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, SHORTSYMBOL 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.
MarketClub’s Trade Triangles for NZDKRW
The long-term trend has been DOWN since Dec 1st, 2021 at 803.8440
The intermediate-term trend has been DOWN since Nov 11th, 2021 at 833.6205
The short-term trend has been DOWN since Nov 22nd, 2021 at 827.7406
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).