Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
British Pound/Comorian Franc (FOREX:GBPKMF)
Crossroads (-60) - GBPKMF 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 GBPKMF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPKMF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPKMF
The long-term trend has been DOWN since Sep 21st, 2023 at 570.21478
The intermediate-term trend has been UP since Nov 28th, 2023 at 568.45402
The short-term trend has been UP since Nov 27th, 2023 at 565.46237
Smart Scan Analysis for GBPKMF
Based on our trend formula, GBPKMF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).