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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.

FOREX_USDKRW
Open High Low USDKRW Price Change
1230.04 1230.04 1230.04 1230.04 0.00
Entry Signal

MarketClub’s Trade Triangles for USDKRW

long term down The long-term trend has been DOWN since Dec 1st, 2022 at 1295.750

intermediate term down The intermediate-term trend has been DOWN since Nov 2nd, 2022 at 1410.335

short term down 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).

-90
Smart Scan Analysis for USDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1230.04 1230.04 1230.04 1230.04 0.00
Prev. Close Volume Bid Ask Time
1230.04 2023-01-28 03:03:12
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