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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Pakistani Rupee (FOREX:GBPPKR)
Bear Market Rally (-75) - GBPPKR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPPKR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GBPPKR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPPKR.
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 GBPPKR
The long-term trend has been DOWN since Oct 4th, 2023 at 350.91891
The intermediate-term trend has been UP since May 6th, 2024 at 349.59768
The short-term trend has been DOWN since May 7th, 2024 at 349.27324
Smart Scan Analysis for GBPPKR
Based on our trend formula, GBPPKR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 347.78125 | 347.78125 | 347.70384 | 347.70384 | -0.07741 |
| Prev. Close | Volume | Bid | Ask | Time |
| 347.78125 | 2024-05-08 16:10:18 |