Forex Trend Analysis Report
Prepared for you on Saturday, January 28, 2023.
US Dollar/South Korean Won (FOREX:USDKRW)
Long-Term Downtrend (-90) - USDKRW is in a strong downtrend that is likely to continue. While USDKRW is showing intraday strength, it remains in the confines of a bearish trend. 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 Dec 1st, 2022 at 1295.750
The intermediate-term trend has been DOWN since Nov 2nd, 2022 at 1410.335
The short-term trend has been DOWN since Jan 18th, 2023 at 1231.665
Smart Scan Analysis for USDKRW
Based on our trend formula, USDKRW is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).