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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

US Dollar/South Korean Won (FOREX:USDKRW)

Crossroads (+60) - USDKRW is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_USDKRW
Open High Low USDKRW Price Change
1122.260 1129.500 1120.885 1127.430 +5.170
Entry Signal

MarketClub’s Trade Triangles for USDKRW

long term down The long-term trend has been DOWN since Aug 5th, 2020 at 1184.735

intermediate term up The intermediate-term trend has been UP since Feb 26th, 2021 at 1127.440

short term up The short-term trend has been UP since Feb 16th, 2021 at 1107.120

Smart Scan Analysis for USDKRW

Based on our trend formula, USDKRW is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for USDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1122.260 1129.500 1120.885 1127.430 +5.170
Prev. Close Volume Bid Ask Time
1122.260 2021-02-26 14:49:28
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