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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.

FOREX_GBPPYG
Open High Low GBPPYG Price Change
9343.594 9343.594 9343.594 9343.594 0.000
Entry Signal

MarketClub’s Trade Triangles for GBPPYG

long term up The long-term trend has been UP since Jul 2nd, 2020 at 8492.814

intermediate term down The intermediate-term trend has been DOWN since Feb 12th, 2021 at 9293.847

short term up 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).

-55
Smart Scan Analysis for GBPPYG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9343.594 9343.594 9343.594 9343.594 0.000
Prev. Close Volume Bid Ask Time
9189.380 2021-02-25 07:31:40
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