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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/South Korean Won (FOREX:GBPKRW)
Sidelines Mode (+55) - GBPKRW is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPKRW
The long-term trend has been UP since Jan 2nd, 2024 at 1668.4584
The intermediate-term trend has been DOWN since May 3rd, 2024 at 1697.0049
The short-term trend has been UP since May 8th, 2024 at 1710.5475
Smart Scan Analysis for GBPKRW
Based on our trend formula, GBPKRW is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1708.5666 | 1711.8974 | 1708.4229 | 1710.8500 | +2.2834 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1708.5666 | 2024-05-09 05:20:20 |