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Forex Trend Analysis Report

Prepared for you on Saturday, October 23, 2021.

British Pound/Comorian Franc (FOREX:GBPKMF)

Sidelines Mode (+55) - GBPKMF 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 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.

FOREX_GBPKMF
Open High Low GBPKMF Price Change
581.60874 582.40443 581.60874 582.40443 +0.79569
Entry Signal

MarketClub’s Trade Triangles for GBPKMF

long term up The long-term trend has been UP since Oct 7th, 2021 at 580.20786

intermediate term up The intermediate-term trend has been UP since Oct 7th, 2021 at 580.20786

short term down The short-term trend has been DOWN since Oct 22nd, 2021 at 582.57259

Smart Scan Analysis for GBPKMF

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

+55
Smart Scan Analysis for GBPKMF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
581.60874 582.40443 581.60874 582.40443 +0.79569
Prev. Close Volume Bid Ask Time
581.60874 2021-10-22 13:18:01
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