Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
US Dollar/South Korean Won (FOREX:USDKRW)
Bull Market Weakness (+75) - USDKRW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDKRW as it may be in the beginning stages of a reversal.
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 UP since Mar 3rd, 2021 at 1129.500
The intermediate-term trend has been UP since Jun 16th, 2021 at 1129.075
The short-term trend has been UP since Oct 18th, 2021 at 1188.440
Smart Scan Analysis for USDKRW
Based on our trend formula, USDKRW is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).