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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.

FOREX_NZDKRW
Open High Low NZDKRW Price Change
799.9545 800.1182 796.3616 796.8198 -3.1347
Entry Signal

MarketClub’s Trade Triangles for NZDKRW

long term down The long-term trend has been DOWN since Dec 1st, 2021 at 803.8440

intermediate term down The intermediate-term trend has been DOWN since Nov 11th, 2021 at 833.6205

short term down 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).

-100
Smart Scan Analysis for NZDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
799.9545 800.1182 796.3616 796.8198 -3.1347
Prev. Close Volume Bid Ask Time
799.9545 2021-12-08 07:55:34
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