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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.

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FOREX_GBPKRW
Open High Low GBPKRW Price Change
1550.5393 1554.0434 1549.3891 1553.6460 +3.1067
Entry Signal

MarketClub’s Trade Triangles for GBPKRW

long term down The long-term trend has been DOWN since Nov 11th, 2021 at 1585.3244

intermediate term down The intermediate-term trend has been DOWN since Sep 29th, 2021 at 1598.5987

short term down 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).

-90
Smart Scan Analysis for GBPKRW
Strong Downtrend Sideways 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
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