Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Guinea Franc/British Pound (FOREX:GNFGBP)
Strong Downtrend (-100) - GNFGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GNFGBP continues to fall. Traders should use caution and set stops.
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 DOWN since Dec 1st, 2023 at 0.00009212
The intermediate-term trend has been DOWN since Nov 9th, 2023 at 0.00009541
The short-term trend has been DOWN since Nov 9th, 2023 at 0.00009541
Smart Scan Analysis for GNFGBP
Based on our trend formula, GNFGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).