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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.

FOREX_GBPGNF
Open High Low GBPGNF Price Change
13323.242 13323.242 13323.242 13323.242 0.000
Entry Signal

MarketClub’s Trade Triangles for GBPGNF

long term down The long-term trend has been DOWN since Apr 6th, 2021 at 13790.311

intermediate term up The intermediate-term trend has been UP since Oct 17th, 2021 at 13275.915

short term up 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).

-60
Smart Scan Analysis for GBPGNF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13323.242 13323.242 13323.242 13323.242 0.000
Prev. Close Volume Bid Ask Time
13323.242 2021-10-20 07:19:48
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