Forex Trend Analysis Report
Prepared for you on Tuesday, April 24, 2018.
British Pound/South Korean Won (FOREX:GBPKRW)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPKRW
The long term trend has been UP since Feb 1st, 2018 at 1520.70
The intermediate term trend has been UP since Mar 19th, 2018 at 1506.75
The short term trend has been DOWN since Apr 17th, 2018 at 1522.55
Smart Scan Analysis for GBPKRW
Based on a pre-defined weighted trend formula for chart analysis, GBPKRW scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).