Forex Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
British Pound/Paraguayan Guarani (FOREX:GBPPYG)
Long-Term Downtrend (-90) - GBPPYG is in a strong downtrend that is likely to continue. While GBPPYG 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 GBPPYG?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPPYG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPPYG
The long-term trend has been DOWN since Mar 17th, 2020 at 8336.446
The intermediate-term trend has been DOWN since Mar 17th, 2020 at 8383.467
The short-term trend has been DOWN since Mar 17th, 2020 at 8383.467
Smart Scan Analysis for GBPPYG
Based on our trend formula, GBPPYG is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).