Forex Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
British Pound/South Korean Won (FOREX:GBPKRW)
Sidelines Mode (-55) - GBPKRW is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Mar 13th, 2020 at 1495.0124
The intermediate-term trend has been DOWN since Mar 13th, 2020 at 1510.4893
The short-term trend has been UP since Mar 27th, 2020 at 1487.5783
Smart Scan Analysis for GBPKRW
Based on our trend formula, GBPKRW is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).