Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
British Pound/South Korean Won (FOREX:GBPKRW)
Bull Market Weakness (+75) - GBPKRW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPKRW as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for GBPKRW
The long-term trend has been DOWN since Oct 4th, 2023 at 1626.1457
The intermediate-term trend has been UP since Nov 23rd, 2023 at 1651.4821
The short-term trend has been UP since Nov 21st, 2023 at 1618.6009
Smart Scan Analysis for GBPKRW
Based on our trend formula, GBPKRW is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).