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Forex Trend Analysis Report
Prepared for you on Wednesday, December 11, 2024.
British Pound/Guinea Franc (FOREX:GBPGNF)
Crossroads (-60) - GBPGNF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Nov 15th, 2024 at 10928.366
The intermediate-term trend has been UP since Dec 9th, 2024 at 10972.523
The short-term trend has been UP since Nov 28th, 2024 at 10916.727
Smart Scan Analysis for GBPGNF
Based on our trend formula, GBPGNF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11004.831 | 11004.831 | 11004.831 | 11004.831 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11004.831 | 2024-12-09 18:36:59 |