Forex Trend Analysis Report
Prepared for you on Saturday, June 10, 2023.
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 UP since Apr 2nd, 2023 at 1618.9724
The intermediate-term trend has been DOWN since May 18th, 2023 at 1653.0093
The short-term trend has been UP since Jun 8th, 2023 at 1628.7462
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).