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Forex Trend Analysis Report

Prepared for you on Wednesday, November 29, 2023.

British Pound/South Korean Won (FOREX:GBPKRW)

Bull Market Weakness (+75) - GBPKRW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPKRW as it may be in the beginning stages of a reversal.

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
1637.2766 1642.0522 1635.7078 1639.7032 +2.4266
Entry Signal

MarketClub’s Trade Triangles for GBPKRW

long term down The long-term trend has been DOWN since Oct 4th, 2023 at 1626.1457

intermediate term up The intermediate-term trend has been UP since Nov 23rd, 2023 at 1651.4821

short term up The short-term trend has been UP since Nov 21st, 2023 at 1618.6009

Smart Scan Analysis for GBPKRW

Based on our trend formula, GBPKRW is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for GBPKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1637.2766 1642.0522 1635.7078 1639.7032 +2.4266
Prev. Close Volume Bid Ask Time
1637.2766 2023-11-29 06:10:32
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