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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Guinea Franc/British Pound (FOREX:GNFGBP)

Long-Term Downtrend (-90) - GNFGBP is in a strong downtrend that is likely to continue. While GNFGBP 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 GNFGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for GNFGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GNFGBP
Open High Low GNFGBP Price Change
0.00009131 0.00009131 0.00009116 0.00009116 0.00000000
Entry Signal

MarketClub’s Trade Triangles for GNFGBP

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 0.00009212

intermediate term down The intermediate-term trend has been DOWN since Feb 26th, 2024 at 0.00009175

short term down The short-term trend has been DOWN since Mar 13th, 2024 at 0.00009165

Smart Scan Analysis for GNFGBP

Based on our trend formula, GNFGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for GNFGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00009131 0.00009131 0.00009116 0.00009116 0.00000000
Prev. Close Volume Bid Ask Time
0.00009170 2024-03-18 15:33:34
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