Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/ (FOREX:GBPCDF)
Strong Downtrend (-100) - GBPCDF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPCDF continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPCDF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPCDF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for GBPCDF
The long-term trend has been DOWN since Apr 17th, 2024 at 3457.9396
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 3520.8079
The short-term trend has been DOWN since May 1st, 2024 at 3483.3518
Smart Scan Analysis for GBPCDF
Based on our trend formula, GBPCDF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3480.3232 | 3480.3232 | 3480.3232 | 3480.3232 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3480.3232 | 2024-05-08 21:02:50 |