Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
South Korean Won/British Pound (FOREX:KRWGBP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 KRWGBP
The long term trend has been DOWN since Feb 26th, 2019 at 0.067597
The intermediate term trend has been UP since May 27th, 2019 at 0.066617
The short term trend has been UP since Jun 11th, 2019 at 0.066819
Smart Scan Analysis for KRWGBP
Based on a pre-defined weighted trend formula for chart analysis, KRWGBP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).