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Forex Trend Analysis Report

Prepared for you on Sunday, July 21, 2024.

British Pound/Comorian Franc (FOREX:GBPKMF)

Bull Market Weakness (+75) - GBPKMF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPKMF as it may be in the beginning stages of a reversal.

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
587.98280 587.98280 586.90804 586.90804 -1.07476
Entry Signal

MarketClub’s Trade Triangles for GBPKMF

long term up The long-term trend has been UP since Jan 18th, 2024 at 574.74728

intermediate term up The intermediate-term trend has been UP since Apr 29th, 2024 at 576.13834

short term up The short-term trend has been UP since Jul 3rd, 2024 at 581.77910

Smart Scan Analysis for GBPKMF

Based on our trend formula, GBPKMF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for GBPKMF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
587.98280 587.98280 586.90804 586.90804 -1.07476
Prev. Close Volume Bid Ask Time
584.27431 2024-07-17 14:11:27
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