Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
British Pound/South Korean Won (FOREX:GBPKRW)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
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 Oct 10th, 2018 at 1498.30
The intermediate term trend has been UP since Sep 5th, 2018 at 1453.25
The short term trend has been DOWN since Oct 14th, 2018 at 1485.20
Smart Scan Analysis for GBPKRW
Based on a pre-defined weighted trend formula for chart analysis, GBPKRW scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).