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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
US Dollar/South Korean Won (FOREX:USDKRW)
Countertrend Up (+85) - USDKRW is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for USDKRW
The long-term trend has been UP since Mar 27th, 2024 at 1350.51
The intermediate-term trend has been UP since Mar 18th, 2024 at 1337.54
The short-term trend has been DOWN since Apr 17th, 2024 at 1380.40
Smart Scan Analysis for USDKRW
Based on our trend formula, USDKRW is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1377.310 | 1379.635 | 1370.190 | 1375.900 | -1.410 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1377.310 | 2024-04-25 22:42:56 |