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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

British Pound/South Korean Won (FOREX:GBPKRW)

Sidelines Mode (-50) - GBPKRW is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPKRW can gain momentum.

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
1625.8164 1626.9403 1617.7992 1620.1283 -5.6881
Entry Signal

MarketClub’s Trade Triangles for GBPKRW

long term up The long-term trend has been UP since Jan 20th, 2021 at 1509.7959

intermediate term down The intermediate-term trend has been DOWN since Sep 29th, 2021 at 1598.5987

short term down The short-term trend has been DOWN since Oct 20th, 2021 at 1620.5139

Smart Scan Analysis for GBPKRW

Based on our trend formula, GBPKRW is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for GBPKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1625.8164 1626.9403 1617.7992 1620.1283 -5.6881
Prev. Close Volume Bid Ask Time
1625.8164 2021-10-22 04:47:01
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