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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/Papua New Guinea Kina (FOREX:GBPPGK)
Sidelines Mode (+55) - GBPPGK 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 GBPPGK?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPPGK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPPGK
The long-term trend has been UP since May 15th, 2024 at 4.8899469
The intermediate-term trend has been UP since Jul 9th, 2024 at 4.9549096
The short-term trend has been DOWN since Jul 21st, 2024 at 5.0779669
Smart Scan Analysis for GBPPGK
Based on our trend formula, GBPPGK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.980361 | 4.980361 | 4.980361 | 4.980361 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.980361 | 2024-07-25 07:26:12 |