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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

British Pound/Costa Rican Colon (FOREX:GBPCRC)

Weak Downtrend (-65) - GBPCRC is showing signs of a strengthening downtrend. Monitor GBPCRC as it may be building momentum to the downside.

Is it time to buy, sell, or avoid GBPCRC?

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

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

FOREX_GBPCRC
Open High Low GBPCRC Price Change
640.02638 640.09296 638.67429 639.57568 -0.45070
Entry Signal

MarketClub’s Trade Triangles for GBPCRC

long term down The long-term trend has been DOWN since Sep 14th, 2023 at 665.65720

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2024 at 644.84473

short term down The short-term trend has been DOWN since May 8th, 2024 at 639.12133

Smart Scan Analysis for GBPCRC

Based on our trend formula, GBPCRC is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPCRC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
640.02638 640.09296 638.67429 639.57568 -0.45070
Prev. Close Volume Bid Ask Time
640.02638 2024-05-09 06:11:51
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