Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

British Pound/Guinea Franc (FOREX:GBPGNF)

Countertrend Down (-85) - GBPGNF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_GBPGNF
Open High Low GBPGNF Price Change
11690.891 11690.891 11690.891 11690.891 0.000
Entry Signal

MarketClub’s Trade Triangles for GBPGNF

long term down The long-term trend has been DOWN since Mar 2nd, 2020 at 12261.264

intermediate term down The intermediate-term trend has been DOWN since May 6th, 2020 at 11807.662

short term up The short-term trend has been UP since May 21st, 2020 at 11515.789

Smart Scan Analysis for GBPGNF

Based on our trend formula, GBPGNF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for GBPGNF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11690.891 11690.891 11690.891 11690.891 0.000
Prev. Close Volume Bid Ask Time
11805.487 11590.690 11791.092 2020-05-21 07:16:18
Get a free daily analysis and signals for British Pound/Guinea Franc (GBPGNF) - Request Your Free Report.