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Forex Trend Analysis Report

Prepared for you on Wednesday, June 12, 2024.

British Pound/Paraguayan Guarani (FOREX:GBPPYG)

Bull Market Weakness (+75) - GBPPYG is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPPYG as it may be in the beginning stages of a reversal.

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
9586.669 9586.669 9564.605 9564.605 -22.064
Entry Signal

MarketClub’s Trade Triangles for GBPPYG

long term up The long-term trend has been UP since Jun 9th, 2023 at 9068.986

intermediate term up The intermediate-term trend has been UP since Apr 29th, 2024 at 9350.583

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 9609.581

Smart Scan Analysis for GBPPYG

Based on our trend formula, GBPPYG is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for GBPPYG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9586.669 9586.669 9564.605 9564.605 -22.064
Prev. Close Volume Bid Ask Time
9586.669 2024-06-12 21:02:28
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