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.
MarketClub’s Trade Triangles for GBPKRW
The long-term trend has been UP since Jan 20th, 2021 at 1509.7959
The intermediate-term trend has been DOWN since Sep 29th, 2021 at 1598.5987
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).