Forex Trend Analysis Report
Prepared for you on Tuesday, May 11, 2021.
US Dollar/South Korean Won (FOREX:USDKRW)
Sidelines Mode (-50) - USDKRW is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDKRW can gain momentum.
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 DOWN since Apr 6th, 2021 at 1120.505
The short-term trend has been DOWN since Apr 14th, 2021 at 1117.725
Smart Scan Analysis for USDKRW
Based on our trend formula, USDKRW is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).