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.
MarketClub’s Trade Triangles for GBPKMF
The long-term trend has been UP since Oct 7th, 2021 at 580.20786
The intermediate-term trend has been UP since Oct 7th, 2021 at 580.20786
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).