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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

British Pound/South Korean Won (FOREX:GBPKRW)

Countertrend Up (+85) - GBPKRW is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_GBPKRW
Open High Low GBPKRW Price Change
1578.5256 1588.3734 1575.5977 1586.6826 +8.1570
Entry Signal

MarketClub’s Trade Triangles for GBPKRW

long term up The long-term trend has been UP since Aug 1st, 2022 at 1598.4630

intermediate term up The intermediate-term trend has been UP since Jul 25th, 2022 at 1581.1635

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 1578.5498

Smart Scan Analysis for GBPKRW

Based on our trend formula, GBPKRW is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1578.5256 1588.3734 1575.5977 1586.6826 +8.1570
Prev. Close Volume Bid Ask Time
1578.5256 2022-08-16 14:28:07
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