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Forex Trend Analysis Report

Prepared for you on Friday, November 22, 2024.

British Pound/South Korean Won (FOREX:GBPKRW)

Weak Downtrend (-65) - GBPKRW is showing signs of a strengthening downtrend. Monitor GBPKRW as it may be building momentum to the downside.

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
1761.5470 1761.5470 1760.4264 1760.7944 -0.7526
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 down The intermediate-term trend has been DOWN since Nov 15th, 2024 at 1769.0962

short term down The short-term trend has been DOWN since Nov 21st, 2024 at 1758.6381

Smart Scan Analysis for GBPKRW

Based on our trend formula, GBPKRW is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1761.5470 1761.5470 1760.4264 1760.7944 -0.7526
Prev. Close Volume Bid Ask Time
1761.5470 2024-11-22 00:24:28
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