Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Paraguayan Guarani (FOREX:GBPPYG)
Bull Market Weakness (+75) - GBPPYG is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPPYG as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid GBPPYG?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPPYG.
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 GBPPYG
The long-term trend has been UP since Jun 9th, 2023 at 9068.986
The intermediate-term trend has been UP since Apr 29th, 2024 at 9350.583
The short-term trend has been DOWN since May 7th, 2024 at 9349.838
Smart Scan Analysis for GBPPYG
Based on our trend formula, GBPPYG is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9337.015 | 9337.015 | 9337.015 | 9337.015 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9321.626 | 2024-05-08 21:02:49 |