Forex Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
British Pound/South Korean Won (FOREX:GBPKRW)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPKRW
The long term trend has been UP since Oct 15th, 2019 at 1499.9500
The intermediate term trend has been DOWN since Nov 7th, 2019 at 1484.4449
The short term trend has been UP since Nov 11th, 2019 at 1491.1463
Smart Scan Analysis for GBPKRW
Based on a pre-defined weighted trend formula for chart analysis, GBPKRW scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).