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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.

FOREX_GBPPGK
Open High Low GBPPGK Price Change
4.2326597 4.2326597 4.2326597 4.2326597 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPPGK

long term down The long-term trend has been DOWN since Mar 23rd, 2020 at 4.3872158

intermediate term down The intermediate-term trend has been DOWN since May 5th, 2020 at 4.2939850

short term down 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).

-90
Smart Scan Analysis for GBPPGK
Strong Downtrend Sideways 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
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