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Forex Trend Analysis Report
Prepared for you on Thursday, December 9, 2021.
British Pound/South Korean Won (FOREX:GBPKRW)
Long-Term Downtrend (-90) - GBPKRW is in a strong downtrend that is likely to continue. While GBPKRW is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Nov 11th, 2021 at 1585.3244
The intermediate-term trend has been DOWN since Sep 29th, 2021 at 1598.5987
The short-term trend has been DOWN since Nov 29th, 2021 at 1584.3216
Smart Scan Analysis for GBPKRW
Based on our trend formula, GBPKRW is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1550.5393 | 1554.0434 | 1549.3891 | 1553.6460 | +3.1067 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1550.5393 | 2021-12-09 06:43:03 |