Forex Trend Analysis Report
Prepared for you on Monday, September 16, 2019.
British Pound/South Korean Won (FOREX:GBPKRW)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 DOWN since Jun 21st, 2019 at 1468.4
The intermediate term trend has been DOWN since Sep 13th, 2019 at 1454.5
The short term trend has been UP since Sep 15th, 2019 at 1475.9
Smart Scan Analysis for GBPKRW
Based on a pre-defined weighted trend formula for chart analysis, GBPKRW scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).