Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
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.
MarketClub’s Trade Triangles for GBPGNF
The long-term trend has been DOWN since Apr 6th, 2021 at 13790.311
The intermediate-term trend has been UP since Oct 17th, 2021 at 13275.915
The short-term trend has been UP since Oct 17th, 2021 at 13275.915
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).