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Forex Trend Analysis Report

Prepared for you on Wednesday, May 31, 2023.

British Pound/Guatemalan Quetzal (FOREX:GBPGTQ)

Sidelines Mode (-55) - GBPGTQ 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 GBPGTQ?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPGTQ.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPGTQ
Open High Low GBPGTQ Price Change
9.684129 9.691517 9.654306 9.661146 -0.022983
Entry Signal

MarketClub’s Trade Triangles for GBPGTQ

long term up The long-term trend has been UP since Apr 4th, 2023 at 9.760249

intermediate term down The intermediate-term trend has been DOWN since May 22nd, 2023 at 9.667376

short term up The short-term trend has been UP since May 29th, 2023 at 9.673266

Smart Scan Analysis for GBPGTQ

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

-55
Smart Scan Analysis for GBPGTQ
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.684129 9.691517 9.654306 9.661146 -0.022983
Prev. Close Volume Bid Ask Time
9.684129 2023-05-31 07:05:48
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