Forex Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
British Pound/Paraguayan Guarani (FOREX:GBPPYG)
Countertrend Up (+85) - GBPPYG is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Oct 13th, 2020 at 9032.550
The short-term trend has been UP since Nov 11th, 2020 at 9140.833
Smart Scan Analysis for GBPPYG
Based on our trend formula, GBPPYG is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).