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.
MarketClub’s Trade Triangles for NZDKRW
The long-term trend has been DOWN since Oct 6th, 2022 at 795.9079
The intermediate-term trend has been DOWN since Mar 22nd, 2023 at 802.1667
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).