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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Libyan Dinar (FOREX:GBPLYD)
Strong Downtrend (-100) - GBPLYD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPLYD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPLYD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPLYD.
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 GBPLYD
The long-term trend has been DOWN since Apr 14th, 2024 at 6.0579896
The intermediate-term trend has been DOWN since Apr 14th, 2024 at 6.0758548
The short-term trend has been DOWN since May 7th, 2024 at 6.0765178
Smart Scan Analysis for GBPLYD
Based on our trend formula, GBPLYD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.0652555 | 6.0665601 | 6.0652555 | 6.0665601 | +0.0013050 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.0652555 | 2024-05-08 21:02:49 |