Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
British Pound/Guinea Franc (FOREX:GBPGNF)
Sidelines Mode (+50) - GBPGNF is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPGNF can gain momentum.
Is it time to buy, sell, or avoid GBPGNF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPGNF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPGNF
The long-term trend has been DOWN since Apr 6th, 2021 at 13790.311
The intermediate-term trend has been UP since Apr 18th, 2021 at 13826.949
The short-term trend has been UP since Apr 18th, 2021 at 13826.949
Smart Scan Analysis for GBPGNF
Based on our trend formula, GBPGNF is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).