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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.

FOREX_USDKRW
Open High Low USDKRW Price Change
1174.66 1174.87 1174.30 1174.45 -0.21
Entry Signal

MarketClub’s Trade Triangles for USDKRW

long term up The long-term trend has been UP since Mar 3rd, 2021 at 1129.500

intermediate term up The intermediate-term trend has been UP since Jun 16th, 2021 at 1129.075

short term up 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).

+70
Smart Scan Analysis for USDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1174.66 1174.87 1174.30 1174.45 -0.21
Prev. Close Volume Bid Ask Time
1174.66 2021-10-20 00:18:23
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