Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

British Pound/Guinea Franc (FOREX:GBPGNF)

Countertrend Up (+85) - GBPGNF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_GBPGNF
Open High Low GBPGNF Price Change
10953.188 10971.141 10953.188 10971.141 +17.953
Entry Signal

MarketClub’s Trade Triangles for GBPGNF

long term up The long-term trend has been UP since Dec 1st, 2023 at 10856.541

intermediate term up The intermediate-term trend has been UP since Feb 26th, 2024 at 10900.363

short term up The short-term trend has been UP since Mar 13th, 2024 at 10912.174

Smart Scan Analysis for GBPGNF

Based on our trend formula, GBPGNF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for GBPGNF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10953.188 10971.141 10953.188 10971.141 +17.953
Prev. Close Volume Bid Ask Time
10953.188 2024-03-18 15:33:34
Get a free daily analysis and signals for British Pound/Guinea Franc (GBPGNF) - Request Your Free Report.