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Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
British Pound/Papua New Guinea Kina (FOREX:GBPPGK)
Long-Term Downtrend (-90) - GBPPGK is in a strong downtrend that is likely to continue. While GBPPGK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Mar 23rd, 2020 at 4.3872158
The intermediate-term trend has been DOWN since May 5th, 2020 at 4.2939850
The short-term trend has been DOWN since Apr 16th, 2020 at 4.3107547
Smart Scan Analysis for GBPPGK
Based on our trend formula, GBPPGK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.2326597 | 4.2326597 | 4.2326597 | 4.2326597 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.2523719 | 4.1430891 | 4.3222303 | 2020-05-20 07:19:06 |