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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
British Pound/Papua New Guinea Kina (FOREX:GBPPGK)
Long-Term Downtrend (-90) - GBPPGK is in a strong downtrend that is likely to continue. While GBPPGK 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 GBPPGK?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPPGK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPPGK
The long-term trend has been DOWN since Apr 22nd, 2024 at 4.7056764
The intermediate-term trend has been DOWN since Apr 17th, 2024 at 4.7743071
The short-term trend has been DOWN since Apr 12th, 2024 at 4.8180924
Smart Scan Analysis for GBPPGK
Based on our trend formula, GBPPGK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.6984849 | 4.7113567 | 4.6984849 | 4.7113567 | +0.0128720 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.7306620 | 2024-04-23 21:01:43 |