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Forex Trend Analysis Report

Prepared for you on Friday, June 14, 2024.

British Pound/Guinea Franc (FOREX:GBPGNF)

Sidelines Mode (+55) - GBPGNF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
10937.138 10937.138 10937.138 10937.138 0.000
Entry Signal

MarketClub’s Trade Triangles for GBPGNF

long term up The long-term trend has been UP since Jun 5th, 2024 at 11003.013

intermediate term up The intermediate-term trend has been UP since May 13th, 2024 at 10777.491

short term down The short-term trend has been DOWN since Jun 14th, 2024 at 10980.699

Smart Scan Analysis for GBPGNF

Based on our trend formula, GBPGNF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPGNF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10937.138 10937.138 10937.138 10937.138 0.000
Prev. Close Volume Bid Ask Time
10937.138 2024-06-14 07:26:19
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