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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.
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MarketClub’s Trade Triangles for GBPKRW
The long-term trend has been UP since Aug 1st, 2022 at 1598.4630
The intermediate-term trend has been UP since Jul 25th, 2022 at 1581.1635
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).
| 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 |