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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.

FOREX_GBPGNF
Open High Low GBPGNF Price Change
10467.322 10467.322 10467.322 10467.322 0.000
Entry Signal

MarketClub’s Trade Triangles for GBPGNF

long term down The long-term trend has been DOWN since Sep 20th, 2023 at 10667.286

intermediate term down The intermediate-term trend has been DOWN since Aug 2nd, 2023 at 11039.885

short term down 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).

-90
Smart Scan Analysis for GBPGNF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10467.322 10467.322 10467.322 10467.322 0.000
Prev. Close Volume Bid Ask Time
10529.480 2023-09-28 07:27:59
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