Forex Trend Analysis Report
Prepared for you on Wednesday, October 21, 2020.
US Dollar/South Korean Won (FOREX:USDKRW)
Strong Downtrend (-100) - USDKRW 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 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.
MarketClub’s Trade Triangles for USDKRW
The long-term trend has been DOWN since Aug 5th, 2020 at 1184.735
The intermediate-term trend has been DOWN since Jun 2nd, 2020 at 1214.390
The short-term trend has been DOWN since Sep 28th, 2020 at 1168.595
Smart Scan Analysis for USDKRW
Based on our trend formula, USDKRW is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).