Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Guinea Franc/British Pound (FOREX:GNFGBP)
Sidelines Mode (+55) - GNFGBP 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 GNFGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for GNFGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GNFGBP
The long-term trend has been UP since Mar 2nd, 2020 at 0.00008156
The intermediate-term trend has been UP since May 6th, 2020 at 0.00008470
The short-term trend has been DOWN since May 21st, 2020 at 0.00008684
Smart Scan Analysis for GNFGBP
Based on our trend formula, GNFGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).