Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
British Pound/Paraguayan Guarani (FOREX:GBPPYG)
Sidelines Mode (+50) - GBPPYG is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPPYG can gain momentum.
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 Sep 29th, 2021 at 9308.697
The intermediate-term trend has been UP since Oct 15th, 2021 at 9438.362
The short-term trend has been UP since Oct 15th, 2021 at 9404.930
Smart Scan Analysis for GBPPYG
Based on our trend formula, GBPPYG is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).