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Forex Trend Analysis Report
Prepared for you on Tuesday, April 30, 2024.
British Pound/Guinea Franc (FOREX:GBPGNF)
Countertrend Down (-85) - GBPGNF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid GBPGNF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPGNF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPGNF
The long-term trend has been DOWN since Apr 22nd, 2024 at 10787.631
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 10953.188
The short-term trend has been UP since Apr 28th, 2024 at 10755.611
Smart Scan Analysis for GBPGNF
Based on our trend formula, GBPGNF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10736.234 | 10736.234 | 10736.234 | 10736.234 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10736.234 | 2024-04-29 21:06:37 |