Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
British Pound/Guinea Franc (FOREX:GBPGNF)
Bull Market Weakness (+75) - GBPGNF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPGNF as it may be in the beginning stages of a reversal.
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 UP since Dec 1st, 2023 at 10856.541
The intermediate-term trend has been UP since Nov 9th, 2023 at 10482.260
The short-term trend has been UP since Nov 9th, 2023 at 10482.260
Smart Scan Analysis for GBPGNF
Based on our trend formula, GBPGNF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).