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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Comorian Franc (FOREX:GBPKMF)
Sidelines Mode (+55) - GBPKMF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPKMF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPKMF.
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 GBPKMF
The long-term trend has been UP since Jan 18th, 2024 at 574.74728
The intermediate-term trend has been UP since Apr 29th, 2024 at 576.13834
The short-term trend has been DOWN since May 2nd, 2024 at 575.96962
Smart Scan Analysis for GBPKMF
Based on our trend formula, GBPKMF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 571.21337 | 572.89584 | 571.21337 | 572.89584 | +1.68247 |
| Prev. Close | Volume | Bid | Ask | Time |
| 571.21337 | 2024-05-08 14:33:39 |