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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
British Pound/Guinea Franc (FOREX:GBPGNF)
Long-Term Downtrend (-90) - GBPGNF is in a strong downtrend that is likely to continue. While GBPGNF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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 DOWN since Apr 11th, 2024 at 10806.742
Smart Scan Analysis for GBPGNF
Based on our trend formula, GBPGNF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10625.845 | 10653.716 | 10625.845 | 10653.716 | +27.871 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10625.845 | 2024-04-23 21:01:43 |