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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Kuwaiti Dinar (FOREX:GBPKWD)
Strong Downtrend (-100) - GBPKWD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPKWD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPKWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPKWD.
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 GBPKWD
The long-term trend has been DOWN since Apr 10th, 2024 at 0.38555990
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 0.38903066
The short-term trend has been DOWN since May 7th, 2024 at 0.38484848
Smart Scan Analysis for GBPKWD
Based on our trend formula, GBPKWD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.38436584 | 0.38436584 | 0.38370735 | 0.38372897 | -0.00063700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.38436584 | 2024-05-09 04:16:51 |