Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
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 Jan 26th, 2023 at 579.63333
The intermediate-term trend has been DOWN since Mar 8th, 2023 at 554.17193
The short-term trend has been UP since Mar 10th, 2023 at 557.23197
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).