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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Ukrainian Hryvnia (FOREX:GBPUAH)
Sidelines Mode (+55) - GBPUAH is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPUAH?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPUAH.
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 GBPUAH
The long-term trend has been UP since Dec 12th, 2023 at 46.494359
The intermediate-term trend has been UP since Apr 26th, 2024 at 49.541216
The short-term trend has been DOWN since May 1st, 2024 at 49.545836
Smart Scan Analysis for GBPUAH
Based on our trend formula, GBPUAH is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 49.243719 | 49.243719 | 49.243719 | 49.243719 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 49.243719 | 2024-05-08 21:02:50 |