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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/ (FOREX:GBPRSD)
Crossroads (-60) - GBPRSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPRSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPRSD.
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 GBPRSD
The long-term trend has been UP since Jan 23rd, 2024 at 137.01832
The intermediate-term trend has been DOWN since Apr 19th, 2024 at 136.45565
The short-term trend has been DOWN since May 2nd, 2024 at 136.87182
Smart Scan Analysis for GBPRSD
Based on our trend formula, GBPRSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 136.16096 | 136.34243 | 136.08185 | 136.32307 | +0.16211 |
| Prev. Close | Volume | Bid | Ask | Time |
| 136.16096 | 2024-05-09 05:56:53 |