Forex Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
British Pound/Guinea Franc (FOREX:GBPGNF)
Long-Term Downtrend (-90) - GBPGNF is in a strong downtrend that is likely to continue. While GBPGNF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Sep 20th, 2023 at 10667.286
The intermediate-term trend has been DOWN since Aug 2nd, 2023 at 11039.885
The short-term trend has been DOWN since Aug 23rd, 2023 at 10926.352
Smart Scan Analysis for GBPGNF
Based on our trend formula, GBPGNF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).