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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

British Pound/South Korean Won (FOREX:GBPKRW)

Long-Term Uptrend (+90) - GBPKRW is in a strong uptrend that is likely to continue. While GBPKRW is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
1759.3137 1764.2826 1758.3769 1759.8137 +0.5000
Entry Signal

MarketClub’s Trade Triangles for GBPKRW

long term up The long-term trend has been UP since Jan 2nd, 2024 at 1668.4584

intermediate term up The intermediate-term trend has been UP since May 22nd, 2024 at 1741.5612

short term up The short-term trend has been UP since Jun 19th, 2024 at 1757.4770

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).

+90
Smart Scan Analysis for GBPKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1759.3137 1764.2826 1758.3769 1759.8137 +0.5000
Prev. Close Volume Bid Ask Time
1759.3137 2024-06-20 22:08:17
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