Analyze Symbol

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.

FOREX_GBPGNF
Open High Low GBPGNF Price Change
12302.184 12339.527 12302.184 12339.527 +37.343
Entry Signal

MarketClub’s Trade Triangles for GBPGNF

long term up The long term trend has been UP since Oct 17th, 2019 at 11626.100

intermediate term down The intermediate term trend has been DOWN since Jan 20th, 2020 at 12454.524

short term down 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).

-60
Smart Scan Analysis for GBPGNF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12302.184 12339.527 12302.184 12339.527 +37.343
Prev. Close Volume Bid Ask Time
12434.956 12233.018 12446.036 2020-02-10 21:01:19
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