Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
British Pound/Guinea Franc (FOREX:GBPGNF)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPGNF
The long term trend has been UP since Oct 17th, 2019 at 11626.100
The intermediate term trend has been DOWN since Jan 20th, 2020 at 12454.524
The short term trend has been DOWN since Feb 4th, 2020 at 12433.648
Smart Scan Analysis for GBPGNF
Based on a pre-defined weighted trend formula for chart analysis, GBPGNF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).