Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
British Pound/Paraguayan Guarani (FOREX:GBPPYG)
Countertrend Down (-85) - GBPPYG is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid GBPPYG?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPPYG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPPYG
The long-term trend has been DOWN since Mar 17th, 2020 at 8336.446
The intermediate-term trend has been DOWN since May 11th, 2020 at 8100.523
The short-term trend has been UP since May 20th, 2020 at 8071.896
Smart Scan Analysis for GBPPYG
Based on our trend formula, GBPPYG is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).