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Forex Trend Analysis Report
Prepared for you on Wednesday, June 29, 2022.
British Pound/Guinea Franc (FOREX:GBPGNF)
Strong Downtrend (-100) - GBPGNF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPGNF continues to fall. Traders should use caution 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.
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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 DOWN since Jun 14th, 2022 at 11056.489
The short-term trend has been DOWN since Apr 4th, 2022 at 11721.743
Smart Scan Analysis for GBPGNF
Based on our trend formula, GBPGNF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10665.592 | 10665.592 | 10665.592 | 10665.592 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10665.592 | 2022-06-27 07:20:52 |