Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
British Pound/Guinea Franc (FOREX:GBPGNF)
Countertrend Down (-85) - GBPGNF is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
MarketClub’s Trade Triangles for GBPGNF
The long-term trend has been DOWN since Mar 2nd, 2020 at 12261.264
The intermediate-term trend has been DOWN since May 6th, 2020 at 11807.662
The short-term trend has been UP since May 21st, 2020 at 11515.789
Smart Scan Analysis for GBPGNF
Based on our trend formula, GBPGNF is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).