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.
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MarketClub’s Trade Triangles for GBPGNF
The long-term trend has been UP since Dec 1st, 2023 at 10856.541
The intermediate-term trend has been UP since Feb 26th, 2024 at 10900.363
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).
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 |