Forex Trend Analysis Report
Prepared for you on Sunday, July 22, 2018.
British Pound/South Korean Won (FOREX:GBPKRW)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 DOWN since May 1st, 2018 at 1467.0
The intermediate term trend has been UP since Jun 15th, 2018 at 1458.3
The short term trend has been DOWN since Jul 17th, 2018 at 1479.1
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).