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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Panamanian Balboa (FOREX:GBPPAB)
Strong Downtrend (-100) - GBPPAB is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPPAB continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPPAB?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPPAB.
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 GBPPAB
The long-term trend has been DOWN since Apr 2nd, 2024 at 1.2556580
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 1.2636804
The short-term trend has been DOWN since May 7th, 2024 at 1.2520249
Smart Scan Analysis for GBPPAB
Based on our trend formula, GBPPAB is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.25202 | 1.25202 | 1.25202 | 1.25202 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.24966 | 2024-05-07 21:05:09 |