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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.

FOREX_USDKRW
Open High Low USDKRW Price Change
1119.16 1121.53 1117.47 1119.66 +0.50
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 down The intermediate-term trend has been DOWN since Apr 6th, 2021 at 1120.505

short term down 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).

-50
Smart Scan Analysis for USDKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1119.16 1121.53 1117.47 1119.66 +0.50
Prev. Close Volume Bid Ask Time
1119.16 2021-05-11 16:52:38
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