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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

British Pound/South Korean Won (FOREX:GBPKRW)

Long-Term Uptrend (+90) - GBPKRW is in a strong uptrend that is likely to continue. While GBPKRW is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
1701.7458 1705.1701 1701.1828 1701.4995 -0.2463
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 up The short-term trend has been UP since Mar 14th, 2024 at 1690.1742

Smart Scan Analysis for GBPKRW

Based on our trend formula, GBPKRW is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for GBPKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1701.7458 1705.1701 1701.1828 1701.4995 -0.2463
Prev. Close Volume Bid Ask Time
1701.7458 2024-03-19 03:13:21
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