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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/ (FOREX:GBPBTN)
Strong Downtrend (-100) - GBPBTN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPBTN continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPBTN?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBTN.
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 GBPBTN
The long-term trend has been DOWN since Apr 15th, 2024 at 104.22309
The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 105.18758
The short-term trend has been DOWN since May 9th, 2024 at 104.49910
Smart Scan Analysis for GBPBTN
Based on our trend formula, GBPBTN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 104.10781 | 104.10781 | 104.10781 | 104.10781 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 104.10781 | 2024-05-09 07:26:26 |