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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

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.

FOREX_USDKRW
Open High Low USDKRW Price Change
1364.56 1370.43 1363.78 1370.10 +5.54
Entry Signal

MarketClub’s Trade Triangles for USDKRW

long term up The long-term trend has been UP since Mar 27th, 2024 at 1350.510

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 1347.865

short term up The short-term trend has been UP since May 29th, 2024 at 1368.150

Smart Scan Analysis for USDKRW

Based on our trend formula, USDKRW is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for USDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1364.56 1370.43 1363.78 1370.10 +5.54
Prev. Close Volume Bid Ask Time
1364.56 2024-05-29 11:18:46
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