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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
British Pound/Paraguayan Guarani (FOREX:GBPPYG)
Sidelines Mode (-55) - GBPPYG is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for GBPPYG
The long-term trend has been UP since Jun 9th, 2023 at 9068.986
The intermediate-term trend has been DOWN since Apr 14th, 2024 at 9249.135
The short-term trend has been UP since Apr 18th, 2024 at 9211.550
Smart Scan Analysis for GBPPYG
Based on our trend formula, GBPPYG is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9233.737 | 9233.737 | 9226.995 | 9226.995 | -6.742 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9199.846 | 2024-04-18 21:07:18 |