Free Daily Analysis

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.

FOREX_GBPGNF
Open High Low GBPGNF Price Change
13943.121 13943.121 13943.121 13943.121 0.000
Entry Signal

MarketClub’s Trade Triangles for GBPGNF

long term down The long-term trend has been DOWN since Apr 6th, 2021 at 13790.311

intermediate term up The intermediate-term trend has been UP since Apr 18th, 2021 at 13826.949

short term up 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).

+50
Smart Scan Analysis for GBPGNF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13943.121 13943.121 13943.121 13943.121 0.000
Prev. Close Volume Bid Ask Time
13943.121 2021-05-11 07:25:15
Get a free daily analysis and signals for British Pound/Guinea Franc (GBPGNF) - Request Your Free Report.