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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Cuban Peso (FOREX:GBPCUP)
Strong Downtrend (-100) - GBPCUP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPCUP continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPCUP?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPCUP.
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 GBPCUP
The long-term trend has been DOWN since Apr 2nd, 2024 at 30.120961
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 30.322848
The short-term trend has been DOWN since May 6th, 2024 at 30.050117
Smart Scan Analysis for GBPCUP
Based on our trend formula, GBPCUP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 29.985703 | 29.991106 | 29.985703 | 29.991106 | +0.005403 |
| Prev. Close | Volume | Bid | Ask | Time |
| 29.985703 | 2024-05-08 21:02:47 |