Forex Trend Analysis Report
Prepared for you on Saturday, January 23, 2021.
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.
MarketClub’s Trade Triangles for GBPKRW
The long-term trend has been UP since Jan 20th, 2021 at 1509.7959
The intermediate-term trend has been UP since Dec 21st, 2020 at 1490.1396
The short-term trend has been UP since Jan 7th, 2021 at 1484.0248
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).