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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

British Pound/South Korean Won (FOREX:GBPKRW)

Weak Uptrend (+65) - GBPKRW is showing signs of weakening momentum to the upside. Monitor GBPKRW as it may be in the beginning stages of a reversal.

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.

FOREX_GBPKRW
Open High Low GBPKRW Price Change
1707.2840 1708.0655 1706.1080 1706.5816 -0.7024
Entry Signal

MarketClub’s Trade Triangles for GBPKRW

long term up The long-term trend has been UP since Jan 2nd, 2024 at 1668.4584

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2024 at 1699.3180

short term down The short-term trend has been DOWN since Apr 17th, 2024 at 1717.5037

Smart Scan Analysis for GBPKRW

Based on our trend formula, GBPKRW is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for GBPKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1707.2840 1708.0655 1706.1080 1706.5816 -0.7024
Prev. Close Volume Bid Ask Time
1707.2840 2024-04-24 01:19:04
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