Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
South Korean Won/British Pound (FOREX:KRWGBP)
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 KRWGBP
The long term trend has been DOWN since Oct 10th, 2018 at 0.066742
The intermediate term trend has been UP since Oct 30th, 2018 at 0.068793
The short term trend has been UP since Nov 15th, 2018 at 0.068643
Smart Scan Analysis for KRWGBP
Based on a pre-defined weighted trend formula for chart analysis, KRWGBP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).