Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
British Pound/Paraguayan Guarani (FOREX:GBPPYG)
Sidelines Mode (-55) - GBPPYG 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 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 UP since Jul 2nd, 2020 at 8492.814
The intermediate-term trend has been DOWN since Feb 12th, 2021 at 9293.847
The short-term trend has been UP since Feb 23rd, 2021 at 9302.256
Smart Scan Analysis for GBPPYG
Based on our trend formula, GBPPYG is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).