Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
South Korean Won/British Pound (FOREX:KRWGBP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 UP since May 1st, 2018 at 0.068160
The intermediate term trend has been DOWN since Jun 15th, 2018 at 0.068580
The short term trend has been DOWN since Jul 10th, 2018 at 0.067269
Smart Scan Analysis for KRWGBP
Based on a pre-defined weighted trend formula for chart analysis, KRWGBP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).